Between 2024 and 2025, China's trade-in policy sparked a whopping 3.92 trillion yuan ($562B) in consumer goods sales, Vice Minister of Commerce Sheng Qiuping revealed at a recent press conference. 🎉
Nearly 494 million consumers across the country swapped old items—think smartphones, laptops, and more—for fresh upgrades while staying eco-friendly. ♻️
Vehicle trade-ins zoomed ahead too: 18.3 million rides got a makeover, with new energy vehicles (NEVs) accounting for almost 60% of the switch. 🚗⚡ Green roads, here we come!
And home life is getting smarter: 192 million appliances—from fridges to TVs—were traded in for newer, energy-efficient models. 🏠🔌
For young pros chasing the latest gadgets or dreaming of that sleek EV, China’s trade-in wave shows how smart policy can drive both style and sustainability. Stay tuned for more trends shaping our tech-driven future! 💡
Reference(s):
China's trade-in policy drives 3.92 trillion yuan in goods sales
cgtn.com
