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China's Trade-In Program Fuels Appliance Sales Surge
China's revised appliance trade-in program, expanded in January 2025 to include twelve categories (up from eight in 2024), spurred a 15.7% rise in appliance purchases in 2024, contributing 67.6% to overall investment growth and boosting durable goods sales by over 1.3 trillion yuan; foreign brands l...
China's Trade-In Program Fuels Appliance Sales Surge
China's revised appliance trade-in program, expanded in January 2025 to include twelve categories (up from eight in 2024), spurred a 15.7% rise in appliance purchases in 2024, contributing 67.6% to overall investment growth and boosting durable goods sales by over 1.3 trillion yuan; foreign brands l...
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