MOFCOM said at a June 23 briefing that as of June 22 consumer trade-in programmes have generated 5 trillion yuan in cumulative related goods sales and benefited about 630 million participants. Automotive trade-ins accounted for 63% of sales; MOFCOM said the schemes have supported consumption and aided industry renewal and product circulation.

2026-06-23

MOFCOM said at a June 23 briefing that as of June 22 consumer trade-in programmes have generated 5 trillion yuan in cumulative related goods sales and benefited about 630 million participants. Automotive trade-ins accounted for 63% of sales; MOFCOM said the schemes have supported consumption and aided industry renewal and product circulation.