China's consumer goods trade-in program is making waves! With over 109 million home appliances sold and more than 74 million digital devices out the door, the initiative has engaged over 66 million consumers. Even electric bicycles aren't left behind, with nearly 9.06 million units sold as part of this bold domestic push.
Data released by the Ministry of Commerce shows that in just the first five months of this year, the program generated sales of 1.1 trillion yuan (around $153.93 billion). This impressive achievement has helped retail sales of consumer goods grow by 5% year on year in the first half of the year—a 0.4 percentage point acceleration over the first quarter.
These numbers aren't just stats; they're a clear sign of how dynamic strategies can energize the economy. Whether you're a market enthusiast, a young entrepreneur, or just curious about global trends, this trade-in triumph is a story of innovation, resilience, and a vibrant future. 🚀📱
Reference(s):
cgtn.com
