China wants to boost sluggish domestic demand and get the economy back on track by expanding a program to promote the exchange of old consumer goods for new ones. This year, microwaves, water filters, dishwashers and rice cookers are to be included in the exchange program, according to a document published by the state planning and finance ministry on Wednesday. Smartphones, tablets, smartwatches and fitness wristbands that cost less than 6000 yuan (around €790) are to be subsidized by 15 percent.