China's consumer goods trade-in initiative has driven 1.1 trillion yuan ($153.1 billion) in sales during the first five months of 2025, according to data released by the Ministry of Commerce. The nationwide program aims to revitalize domestic consumption while promoting sustainable product cycles across key industries.
Breaking Down the Numbers
The initiative covers seven major categories: vehicles, household appliances, mobile devices, electric bicycles, home decor products, kitchenware, and bathroom fixtures. Analysts note the program's dual focus on stimulating economic activity and reducing environmental waste aligns with broader goals outlined in China's 15th Five-Year Plan.
Economic Ripple Effects
Business professionals observe increased manufacturing activity in related sectors, with supply chains reporting 18-22% higher order volumes compared to 2024. The program has particularly benefited technology upgrade cycles, with 63% of participating consumers opting for energy-efficient replacements.
While specific regional breakdowns remain undisclosed, ministry representatives confirm all provincial-level administrations have reported active participation. The scheme's success comes as global markets watch China's consumption patterns for post-pandemic recovery signals.
