The Chinese mainland's trade-in policy revved up consumer spending with 3.92 trillion yuan ($562 billion) in sales and helped 494 million shoppers upgrade between 2024 and 2025, Vice Minister of Commerce Sheng Qiuping said on Tuesday.
Imagine swapping your old car for a sleek new ride – multiplied by 18.3 million! 🚗 Nearly 60% of these trades were new energy vehicles, supercharging the green revolution on our roads.
But the glow-up didn’t stop there. From fridges to washing machines, 192 million home appliances got an upgrade 🏠✨, helping families enjoy smarter, more efficient tech at home.
Why it matters: Trade-in incentives aren’t just about cool new gadgets. They push sustainable consumption, support emerging industries, and keep consumers coming back for more. With nearly half a billion participants, the Chinese mainland’s policy shows how smart incentives can drive massive economic and environmental wins.
What's next? Keep an eye on future initiatives as the Chinese mainland aims to maintain this momentum and explore more ways to boost green growth and fresh consumption 🚀.
Reference(s):
China's trade-in policy drives 3.92 trillion yuan in goods sales
cgtn.com
