CCTV News: According to the website of the China Consumers Association, on March 15, the results of the policy of ex-new consumer goods were released at the "3.15 International Consumer Rights Day" theme event hosted by the China Consumers Association.
In 2024, the total sales of consumer goods traded in new products drove more than 1.3 trillion yuan, driving the growth of the total retail sales of consumer goods for the whole year by more than 1 percentage point. In 2025, the policy will be strengthened and the ultra-long-term special treasury bond will be allocated 300 billion yuan of support will be implemented, and the subsidies for purchase of digital products such as mobile phones will be implemented for the first time, and the scope of subsidies for the exchange of old for automobiles and home appliances will be expanded. As of March 14, the country has received about 1.3 million applications for automobile trade-in subsidies in 2025; more than 19 million consumers have purchased more than 25 million units of 12 major household appliances trade-in products; more than 39 million consumers have applied for new subsidies for more than 49 million mobile phones and other digital products.
