Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, July 23 (Xinhua) — More than 109 million units of home appliances have been purchased under China's trade-in consumer goods program this year, with more than 66 million buyers taking part, as the country stepped up efforts to boost domestic demand.
More than 74 million digital devices and nearly 9.06 million electric bicycles have been sold under the trade-in program this year, according to data released by China's Ministry of Commerce on Tuesday.
Previous statistics from the ministry showed that trade-in sales in the first five months of this year totaled 1.1 trillion yuan (about $153.93 billion).
Thanks to the program, China's retail sales of consumer goods, a key indicator of the country's consumption, rose 5 percent year-on-year in the first half of this year, 0.4 percentage points faster than the first quarter.
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