ECONOMY

China Trade-In Program Tops 4 Trillion Yuan in Sales

Published: Mar. 10, 2026 6:05 p.m. GMT+8

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Wang Wentao. Photo: Xinhua

China’s nationwide trade-in program for consumer goods has generated more than 4.16 trillion yuan ($602 billion) in sales, Commerce Minister Wang Wentao said, as authorities seek to boost domestic demand.

Speaking at a press conference during the annual session of China’s top legislature on Friday, Wang said continuing the trade-in program is a key priority this year, with policy support focusing on green and smart products as well as physical retail.

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Explore the story in 30 seconds

China’s trade-in program generated over 4.16 trillion yuan ($602 billion) in sales.
The central government allocated 250 billion yuan in treasury bonds for 2024 trade-in subsidies.
Policy priorities include green and smart product subsidies and expanding service sector market access.

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