China’s Home Appliance Sales Surge in 2024 Amidst Trade-In Program
China’s home appliance sales surpassed 1 trillion yuan in 2024, marking a 12.3% growth driven by a policy-backed trade-in program stimulating consumer spending and economic growth.
Trade-In Program
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China Expands Trade-In and Equipment Renewal Policies for 2025
China introduces new measures to expand its old-for-new exchange program and equipment renewal policies for 2025, aiming to boost consumer spending and drive industrial upgrades.
China Expands Consumer Goods Trade-In Program for 2025 to Boost Domestic Demand
China expands its consumer goods trade-in program for 2025, adding more home appliances and increasing subsidies to boost domestic demand and spur economic growth.
China’s Trade-In Policy Fuels Surge in Green Consumption
China’s government-led trade-in program is boosting green consumption, encouraging consumers to replace old products with eco-friendly alternatives, fostering sustainable development and innovation.
China’s Trade-In Program Fuels $4.78 Billion Surge in Home Appliance Sales
China’s trade-in program for home appliances has driven sales revenues to 33.5 billion yuan ($4.78 billion) since August, as consumers embrace green and smart appliances, the Ministry of Commerce reported.