China Doubles Consumer Trade-in Subsidies to Boost Spending in 2025
China pledges 300 billion yuan in 2025 to double consumer trade-in subsidies, aiming to drive domestic spending and green tech upgrades across appliances, vehicles, and devices.
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Consumer Trade-In Boom in Chinese Mainland Drives 1.1T Yuan in 2025 Sales
The Chinese mainland’s consumer goods trade-in initiative generated 1.1 trillion yuan in sales from Jan-May 2025, with vehicles, appliances and phones leading the charge.