China to subsidize energy-saving computers

BEIJING - In the latest government effort to conserve energy and boost domestic demand, China will provide subsidies to buyers of energy-saving desktop computers, the Ministry of Finance said Monday.

Consumers will receive 260 yuan ($41.27) in subsidies on purchases of desktop computers that meet certain energy-saving requirements, according to the statement posted on the ministry's website.

The subsidy program will start on Oct 1 and last for one year, the statement said.

Earlier this month, the ministry said it will earmark 14 billion yuan in subsidies to encourage the purchase of six types of energy-saving products, including desktop computers, air conditioners, fans, water pumps, compressors and transformers.

The ministry has introduced a slew of incentives this year to lift domestic consumption amid a slowing economy.

China's economy grew 7.6 percent in the second quarter of this year, marking the slowest pace in three years.