China’s nationwide consumer goods trade-in program has generated a staggering 1.1 trillion yuan (about $153.1 billion) in sales during the first five months of 2025, according to data from the Ministry of Commerce.
The program encourages consumers to exchange old products for new ones, boosting sales across various sectors. Key products driving these impressive figures include vehicles, household appliances, mobile phones, electric bicycles, home decor products, kitchenware, and bathroom ware.
This initiative not only stimulates domestic consumption but also supports sustainable development by promoting recycling and the efficient use of resources.
With consumers eager to upgrade to the latest technology and eco-friendly options, the trade-in program has become a win-win for both the economy and the environment.
As the program continues, analysts expect these numbers to grow, further energizing China’s economy and offering more opportunities for businesses and consumers alike.
