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China's trade-in program for electronics sees surge, boosting sales by $178.8 billion in 2024.
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.
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.
The government plans to further support consumption and expand the trade-in program in 2025.
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El programa de comercio electrónico de China ve un aumento, aumentando las ventas en $178.8 billones en 2024.