China will expand the scope of home appliance trade-ins this year to 12 categories from the eight included last year, the vice head of the country's state planner said on Wednesday. Consumers will get subsidies equivalent to 20% of the sales price per one new home appliance this year,

The move comes as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth.

China will subsidize more consumer products and boost funding for industrial equipment upgrades, ramping up a program aimed at bolstering domestic consumption in the face of growing headwinds for exports.