{"id":28421,"date":"2026-01-23T04:10:37","date_gmt":"2026-01-23T04:10:37","guid":{"rendered":"https:\/\/gsrra.com\/?p=28421"},"modified":"2026-01-23T04:10:40","modified_gmt":"2026-01-23T04:10:40","slug":"chinas-consumer-goods-trade-in-programs-benefit-366-mln-purchases-in-2025","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=28421","title":{"rendered":"China&#8217;s consumer goods trade-in programs benefit 366 mln purchases in 2025"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/english.news.cn\/20260122\/f42d0c76bb014407a955d6730d1942f5\/20260122f42d0c76bb014407a955d6730d1942f5_XxjwshE000078_20260122_CBMFN0A001.JPG\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Guests view a new energy vehicle (NEV) of BYD, China&#8217;s leading NEV manufacturer, at the China Pavilion during the eighth China International Import Expo (CIIE) in east China&#8217;s Shanghai, Nov. 8, 2025. (Xinhua\/Fang Zhe)<\/figcaption><\/figure>\n\n\n\n<p>China&#8217;s government-backed consumer goods trade-in programs benefited 366 million purchases in 2025, boosting product sales worth a total of 2.61 trillion yuan (about 373 billion U.S. dollars) in value, government data shows.<\/p>\n\n\n\n<p>At a regular press briefing on Thursday, commerce ministry spokesperson He Yongqian said that these programs led enterprises above a designated size to see double-digit year-on-year growth in the retail sales value of home appliances, furniture and office supplies in 2025. The retail sales value of communication equipment, in particular, rose 20.9 percent.<\/p>\n\n\n\n<p>The programs also promoted a consumption upgrade characterized by consumer preference for green and intelligent products. Last year, sales of new energy vehicles grew 17.6 percent, with a penetration rate continuing to rise. &#8220;By the end of 2025, six out of every 10 passenger vehicles sold in the country were new energy vehicles,&#8221; the spokesperson said.<\/p>\n\n\n\n<p>In 2025, the number of top-level energy-efficient or water-efficient home appliances purchased by consumers increased 20 percent year on year, while sales of smart glasses, smartwatches and smart wristbands all rose over 40 percent, she said.<\/p>\n\n\n\n<p>She noted that the trade-in policies have expanded the scale of China&#8217;s total retail sales of consumer goods, which hit 50.1 trillion yuan last year, with the contribution rate of final consumption expenditure to economic growth reaching 52 percent.<\/p>\n\n\n\n<p>The ministry will continue its efforts to invigorate the consumption market and, during the process, will ensure that consumption promotion benefits the people, she added.&nbsp;<\/p>\n\n\n\n<p>Reference Link:- <a href=\"https:\/\/english.news.cn\/20260122\/f42d0c76bb014407a955d6730d1942f5\/c.html\" target=\"_blank\" rel=\"noopener\">https:\/\/english.news.cn\/20260122\/f42d0c76bb014407a955d6730d1942f5\/c.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s government-backed consumer goods trade-in programs benefited 366 million purchases in 2025, boosting product sales worth a total of 2.61 trillion yuan (about 373 billion U.S. dollars) in value, government data shows. At a regular press briefing on Thursday, commerce ministry spokesperson He Yongqian said that these programs led enterprises above a designated size to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[2307,26418,24143,11532,2076,21460,22514],"class_list":["post-28421","post","type-post","status-publish","format-aside","has-post-thumbnail","hentry","category-sample-category","tag-china-3","tag-circulation-of-money","tag-consumers-2","tag-economic-activities-2","tag-economy-2","tag-expo-2","tag-prosperity-2","post_format-post-format-aside"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/28421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28421"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/28421\/revisions"}],"predecessor-version":[{"id":28423,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/28421\/revisions\/28423"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/28422"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}