The National Bureau of Statistics said China has optimized trade-in-for-new
subsidy policies this year and added smart glasses to the subsidy scope. In 1H
retail sales of wearable smart devices, including smart glasses, more than
doubled YoY; retail sales of high energy-efficiency home appliances rose over
30% YoY. Consumption of live-entertainment formats — concerts, music festivals
and sports events — continued to strengthen.