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Consumer goods jumps under trade-in program

THE National Development and Reform Commission (NDRC), China's top economic planner, held a symposium recently with representatives of private companies on trade-ins of large-scale equipment and consumer products, according to a post seen on Monday on the NDRC's WeChat account.

The meeting added to a series of moves by the Chinese central government and departments to promote the upgrading of consumer items. Since the sweeping plan to shore up consumption was launched in March, spending on consumer goods has jumped, data from the country's e-commerce platforms showed. Sales of some items doubled during the just-concluded five-day May Day holidays that ended on Sunday.