In the first five months of 2025, the Chinese mainland’s nationwide consumer goods trade-in program shattered records, driving 1.1 trillion yuan (about $153.1 billion) in fresh sales. Official data from the Ministry of Commerce shows that this initiative has transformed how people upgrade and recycle everyday items.
CGTN’s analysis highlights the top categories fueling this boom:
- Vehicles
- Household appliances
- Mobile phones
- Electric bicycles
- Home decor, kitchenware & bathroom ware
Vehicles led the charge, with buyers trading in older models for the latest fuel-efficient designs. Tech-savvy consumers turned to mobile swap platforms, while local trade-in events made upgrades seamless and accessible.
Beyond boosting sales, the surge marks a shift toward circular economy solutions. Startups and entrepreneurs are seizing new opportunities in AI-powered appraisal tools, doorstep swap services and next-generation resale apps.
Sustainability experts say the program could serve as a blueprint for other major markets looking to reduce waste and promote green consumerism. For travelers and digital nomads exploring the Chinese mainland, swap fairs in key cities double as cultural hubs, offering a firsthand look at local innovation and lifestyle trends.
Which item would you trade in next? Share your thoughts and swap stories in the comments below.
Reference(s):
China's consumer goods trade-ins spur 1.1 trillion yuan in sales
cgtn.com
