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flag China's home appliance sales jumped 12.3% in 2024, driven by a government trade-in program.

flag In 2024, China's home appliance sales surged to 1.03 trillion yuan ($143.29 billion), a 12.3% increase from the previous year, due to a government-backed trade-in program. flag The scheme benefited over 37 million consumers and saw high demand for energy-efficient products. flag In 2025, China plans to expand eligible items for subsidies, adding microwaves, water purifiers, dishwashers, and rice cookers to the list.

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