11:11 Jan 07 2026

China's trade-in program reached 494 million consumer purchases and boosted sales of consumer goods by CNY3.92 trillion (USD561.3 billion) over the past two years, Vice Commerce Minister Sheng Qiuping said at a press briefing yesterday. About 18.3 million vehicles, with 60% being NEVs, and 192 million home appliances were replaced in the period, he added.

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