BUZZ-Chinese home appliances makers climb on expanded scope of trade-ins

Reuters01-08 11:39
BUZZ-Chinese home appliances makers climb on expanded scope of trade-ins

** Chinese home appliances makers and distributors rise

** China will expand the scope of home appliance trade-ins this year to 12 categories from eight last year, says vice head of the country's state planner

** Consumers will get subsidies equivalent to 20% of the sales price per one new home appliance this year

** Microwave ovens, water purifiers, dish washers and rice cookers to be included in the trade-in scheme

** Shenzhen stock of Hisense Home Appliances 000921.SZ surges 2.9%, Shanghai shares of Haier Smart Home 600690.SS rises 2.5%, Gree Electric 000651.SZ gains 1.6% and Midea 000333.SZ adds 0.4%

** Household appliances distributor Suning.com 002024.SZ climbs 0.5%, while GOME Retail 0493.HK trades flat

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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