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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, Jan. 21 (Xinhua) — Thanks to a trade-in program for consumer goods, retail sales of both home appliances and communications equipment in China exceeded 1 trillion yuan (about 142.84 billion U.S. dollars), reaching a record high last year, according to official data released Tuesday.
According to the National Bureau of Statistics of China, in 2025, retail sales of home appliances will approach 1.17 trillion yuan, and communications devices will reach 1.01 trillion yuan.
According to data from the Chinese Ministry of Commerce, a total of 91 million digital goods and over 129 million home appliances across 12 categories were purchased through the trade-in program in 2025. Retail sales of home appliances and audiovisual gadgets grew by 11 percent, while sales of communications equipment grew by 20.9 percent.
The trade-in initiative has contributed to the modernization of China's industry and the transition to a green economy. Of the total household appliance sales last year, over 90 percent were products with the highest energy and water efficiency ratings.
According to the ministry, more than 177,800 new types of household appliances were introduced in 12 categories in 2025 thanks to the use of advanced technologies by enterprises, which is 28.89 percent more than in 2024.
The trade-in program also significantly optimized the structure of domestic consumption. Last year, mid- and high-end smartphones accounted for 72.5% of all digital goods purchased through the trade-in scheme, while AI-enabled mobile phones accounted for 83% of total mobile phone sales. Furthermore, this program reached over 15 million consumers aged 60 and over, contributing to the development of the "silver economy."
China launched the trade-in program in 2024. In 2025, more than 360 million applications were submitted for subsidies to replace old consumer goods with new ones, resulting in sales of related goods exceeding 2.6 trillion yuan, leading to a 0.6 percentage point increase in retail sales of consumer goods in China, according to official data. -0-
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