The 'Guo Bu' policy continues to show results. Caixin reporters found that after the 3C subsidies in Jiangsu this time, the attractive prices triggered buying frenzy and shopping agents. Some consumers even started queuing from the early morning, with hot products easily requiring queues of over an hour. Sales of various phones surged, with models from the Huawei Mate 70 series, especially the Mate 70 Pro and above, almost sold out and in a state of scarcity. Suning Tesco stores experienced a rare trend of queuing to buy phones in the first natural week following the policy release, with a 1701% year-on-year increase in mobile digital sales. It is understood that this replacement demand is mainly concentrated on phones, tablets, followed by categories like smartwatches and Bluetooth earphones. (Caixin reporters Lu Tingting, Wang Biwei, Wu Chao)

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“国补”之下有消费者连夜排队购机 苏宁易购:江苏区域内手机数码产品销售额同比翻十倍
Under the 'Guo Bu' policy, consumers queued overnight to purchase phones. Suning Tesco: In the jiangsu region, the sales of mobile digital products increased tenfold year-on-year.
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