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.

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