Zhejiang Launches Smart Home Appliance Subsidy of Up to 1,500 Yuan per Item

This is a demand-side stimulus aimed squarely at China's smart-home hardware ecosystem, where connected locks, vacuums and mattresses have struggled to move beyond early adopters. The design matters: the subsidy stacks on top of merchant discounts and is calculated on the post-discount price, which effectively lets retailers compete on list price while government money absorbs part of the final ticket. Watch whether the one-per-category cap and the year-end deadline pull purchases forward, and whether other provinces mirror the structure.