China's consumer trade-in program sees surge, with 10.79 million electronic device subsidy applications submitted.

China's consumer goods trade-in program gained significant popularity during the Spring Festival shopping season, with the Ministry of Commerce receiving subsidy applications for 10.79 million electronic devices. The program, expanded to include smartphones, tablets, and smartwatches, has boosted consumer sentiment and retail sales growth. The government plans to continue supporting consumption by increasing eligible home appliance categories and adding more passenger vehicles to the trade-in program.

2 months ago
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