The trade-in of home appliances has made new progress. On October 16, the latest data posted on the Ministry of Commerce's official Weibo showed that as of October 15, 20.667 million consumers across the country had applied for a trade-in. Of these, 10.134 million consumers purchased a total of 146.24 million units of eight categories of household appliances and enjoyed 13.17 billion yuan in central subsidies, driving sales of 69.09 billion yuan. “Although the home appliance trade-in policy has achieved remarkable results, the market's potential has yet to be fully unleashed. With the implementation of more policies and regulations, increased investment by enterprises, and increased consumer awareness of environmental protection, the home appliance market will usher in a new round of consumption upgrading in the next few years. The hundreds of billion yuan of industrial space brought about by the trade-in of home appliances have yet to be tapped.” Zhang Jianfeng, secretary general of the China Household Appliances Business Association, said.

The trade-in of home appliances has made new progress. On October 16, the latest data posted on the Ministry of Commerce's official Weibo showed that as of October 15, 20.667 million consumers across the country had applied for a trade-in. Of these, 10.134 million consumers purchased a total of 146.24 million units of eight categories of household appliances and enjoyed 13.17 billion yuan in central subsidies, driving sales of 69.09 billion yuan. “Although the home appliance trade-in policy has achieved remarkable results, the market's potential has yet to be fully unleashed. With the implementation of more policies and regulations, increased investment by enterprises, and increased consumer awareness of environmental protection, the home appliance market will usher in a new round of consumption upgrading in the next few years. The hundreds of billion yuan of industrial space brought about by the trade-in of home appliances have yet to be tapped.” Zhang Jianfeng, secretary general of the China Household Appliances Business Association, said.