Chinatoupfinancialsupportforequipmentupgrades,trade-insofconsumergoods_GuangmingOnlineBEIJING,April11(Xinhua)--Chinawillprovidestrongfinancialsupportforlarge-scaleequipmentrenewalsandtrade-insofconsumergoods,anofficialsaidThursday.Atthesametime,localgovernmentsconductingassessmentsregardingthismoveandwilltakeintoaccounttheiractualfinancialsituationtoprovidecertainfunds,saidZhaoChenxin,deputyheadoftheNationalDevelopmentandReformCommission,atapressconference.Lastmonth,theStateCouncilreleasedanactionplantopromotethelarge-scalerenewalofequipmentandthetrading-inofconsumergoods.AnnualinvestmentdemandinChina'sequipmentupgradesinkeyindustrialandfarmsectorsexceeds5trillionyuan(about704.5billionU.S.dollars),anddemandforthereplacementofautomobilessandhouseholdappliancesisabove1trillionyuan,Zhaosaid.Thismarketspaceisveryhuge,hesaid,addingthattheactionplanwillnotonlyboostconsumptionandinvestmentbutalsopromoteenergyconservationandhigh-qualitydevelopment.Editor:DisclaimerTheviewsandopinionsexpressedinthisarticlearethoseoftheauthor's,GMW.cnmakesnorepresentationsastoaccuracy,suitability,orvalidityofanyinformationonthissiteandwillnotbeliableforanyerrors,omissions,ordelaysinthisinformation.