Chinas Trade-In Program Boosts Consumer Goods Sales Beyond 2 Trillion Yuan
Chinas trade-in policy has driven consumer goods sales past 2 trillion yuan, benefiting over 250 million people since 2026.
Beijing, October 29 (Daily Kiran) : The Chinese Ministry of Commerce announced on October 28 that sales of consumer goods under the “old for new” trade-in program have exceeded 2 trillion yuan since its launch in 2026. This initiative has positively impacted over 250 million individuals across the country.
According to the ministry, the trade-in policy has played a crucial role in boosting consumption. It has facilitated upgrades and transformations while also simplifying the recycling process. Overall, the initiative has yielded several beneficial policy outcomes.
On the same day, the ministry held a national video conference to discuss the program’s progress and achievements. They outlined key tasks for the next phase of implementation.
Participants from various sectors were urged to focus on important aspects and take concrete actions to ensure that policies are implemented to high standards. The meeting also called for innovations in offline consumption and a quicker distribution of subsidies to ensure tangible benefits for the public.
