On July 23, MOFCOM said year-to-date the consumer-goods trade-in-for-new policy raised funding leverage to 1:10.3 from 1:7.8 last year, driving over 1.25 trillion yuan in sales and benefiting about 169 million people. MOFCOM said the measure has supported consumption stability, promoted industrial upgrading and increased resource recycling.

2026-07-23

On July 23, MOFCOM said year-to-date the consumer-goods trade-in-for-new policy raised funding leverage to 1:10.3 from 1:7.8 last year, driving over 1.25 trillion yuan in sales and benefiting about 169 million people. MOFCOM said the measure has supported consumption stability, promoted industrial upgrading and increased resource recycling.