China introduced another new subsidy policy. Seven provinces and cities including Zhejiang, Hainan, Fujian, Shanghai, Shaanxi, Hunan and Suzhou took the lead in the action by incorporating the six major categories of furnishings, naming decoration, building materials, home automation, furniture, lighting and sanitary ware, into the subsidy list, which will be released through the Taobao platform.Related NewsCCBI Cuts BABA-W (09988.HK) TP to HKD169.1, Cuts Final FQ Rev. Forecast