China Allocates 62.5 Billion Yuan for Expanded Consumer Goods Trade-In Scheme
China has announced a 62.5 billion yuan allocation from ultra-long special treasury bonds to support its consumer goods trade-in scheme in 2025. The program, which started in 2024, will now include digital and smart products alongside traditional categories, aiming to boost domestic demand amid economic pressures.
Insights:
In a strategic move to bolster domestic consumption, China has announced the allocation of 62.5 billion yuan from ultra-long special treasury bonds to fund its consumer goods trade-in scheme for 2025. The initiative, initially launched in 2024, provides subsidies to consumers replacing old appliances, bicycles, and cars. This year, the program will expand to include digital and smart products such as smartphones, tablets, and smartwatches, in a bid to stimulate demand amid ongoing economic and trade challenges.
