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flag China's trade-in program for electronics sees surge, boosting sales by $178.8 billion in 2024.

flag China's consumer goods trade-in program saw a surge in popularity during the Spring Festival shopping season, with 10.79 million electronic devices subsidized in just four days. flag Expanded to include smartphones, tablets, and smartwatches, the program has boosted consumer sentiment and driven sales of $178.8 billion in eligible products in 2024. flag The government plans to further support consumption and expand the trade-in program in 2025.

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