Trade-in program sees surge in appliance sales

By Xinhua News Agency

Oct 02, 2024 12:11 am

BEIJING ― The ongoing trade-in program for home appliances has led to a surge in sales revenues which topped 33.5 billion yuan ($4.78 billion) since August, the latest data from the Ministry of Commerce (MOC) showed.

Since the ministry beefed up support for the program in August, around 5.11 million consumers have benefited from the program for which the central government has provided more than 6.4 billion yuan in subsidies for consumers, the MOC said on Monday.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

China's Nov indus-trial profits down by 7.3%

HK home prices edge up 0.07% in No-vember

US shoppers boost holiday spending 3.8%

Inflation in Japan's capital accelerates

New US unemployment benefit claims tumble

Oil prices edge higher in thin holiday trading

Japan's budget to hit record $735 billion