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MOFCOM: 27M+ Vehicles Traded In Across CN, Driving Sales to RMB720B+
2025-04-25 15:23:29
When introducing the situation of consumer goods trade-in, the Ministry of Commerce of the People's Republic of China (MOFCOM) said that, as of yesterday (24th), 27.005 million cars were traded in across China, while 47.466 million sets of 12 home appliance categories were traded in.

36.61 million handsets and other digital products were purchased, while 37.123 million sets of home furnishings and kitchen and bathroom products were traded in. 4.2 million electric bikes were traded in.

Since the implementation of the policy, more than 120 million people have benefited from the subsidy, boosting sales to over RMB720 billion.
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