Li Gang, Director of the Department of Market Operations and Consumer Promotion of the Ministry of Commerce, stated at the State Council's regular policy briefing that in 2024, the scrapping and updating of Autos will exceed 2.9 million units, with trade-ins exceeding 3.7 million units, driving Autos sales of over 920 billion yuan. More than 36 million Consumers purchased over 56 million units of eight categories of home appliances, driving sales of 240 billion yuan. Home decoration and kitchen and bathroom 'renewal' drove the sales of related products to nearly 60 million pieces, with sales of about 120 billion yuan. The exchange of old electric bicycles exceeded 1.38 million units, driving new car sales of over 3.7 billion yuan.