According to Statistics from the Shanghai Electrical Appliances Commercial Industry Association, as of December 11, the Shanghai home appliance and home goods consumer subsidy program has achieved significant results, with over 3.57 million participants in the trade-in program for home appliances and goods. The national subsidies cover 8 major categories of home appliances such as air conditioners, computers, and refrigerators, with sales increasing by 30% to 40% year-on-year. During the implementation of the policy, the total amount of subsidies issued reached 1.165 billion yuan, and platforms collectively drove the consumer spending on home appliance and furniture products to exceed 10 billion yuan. (Liberation Daily)
上海“以旧换新”带动消费超百亿元
Shanghai's "trade-in for new" initiative has driven consumer spending exceeding 10 billion yuan.
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