The Chinese mainland's consumer goods trade-in policy continues to be implemented in 2025, boosting consumer vitality. In Taiyuan City, the capital of Shanxi Province, consumers purchasing cars, home appliances, or electric bicycles can enjoy government trade-in subsidies of around 20 percent. In addition to the national trade-in subsidies, Shanxi provides extra subsidies for consumers. As a result, many stores in the region have seen a surge in consumer activity, reflecting the policy's positive impact on the local economy.
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China's 'trade-in for new' policy continues to boost consumer vitality
cgtn.com
