Equipment upgrades and consumer goods trade-in programs support green transition

China's large-scale equipment upgrades and consumer goods trade-in programs helped reduce about 73 million metric tons of CO2 emissions in 2024, significantly advancing green transformation, said an official from the National Development and Reform Commission on Wednesday.

January 9, 2025

NDRC: Trade-in programs significantly boost consumption

China's large-scale equipment upgrades and consumer goods trade-in programs have effectively boosted consumption, resulting in strong sales growth in automobiles, household appliances, and audio-visual equipment, according to a policy briefing on Wednesday.

January 9, 2025

Steps afoot to spur domestic demand

China has rolled out more forceful measures to promote large-scale equipment upgrades and consumer goods trade-ins, as the world's second-largest economy has put boosting demand high on its work agenda this year in the face of domestic and external headwinds, officials and experts said on Wednesday.

January 9, 2025

China to expand consumer goods trade-in program to spur growth

China announced Wednesday a raft of measures to expand the scope of the consumer goods trade-in program amid a drive to boost domestic demand and spur economic growth.

January 8, 2025