China broadens policies on trade-ins and updates to equipment
China has announced enhancements to its old-for-new exchange program and equipment renewal policies for 2025, with the goal of boosting consumer spending and facilitating industrial upgrades.
TroibNews 
China has introduced new initiatives to enhance its old-for-new exchange program and equipment renewal policies for 2025, with the goal of further boosting consumer spending and promoting industrial upgrades.
In a media conference held by the National Development and Reform Commission and Finance Ministry, officials announced that the number of household appliance categories eligible for the trade-in subsidy program will increase from eight last year to 12 for 2025. The maximum subsidy amount will be 20 percent of the sales price for each item.
Additionally, the revised policies will expand funding support for equipment replacement to cover the digital, industrial safety, and agricultural facilities sectors as well.
Following this announcement, stock prices for major household appliance manufacturers, e-commerce companies, and general retailers experienced an uptick, as reported in an equity market overview on Baidu.
According to a report from China Central Television, by mid-December, the country's trade-in policies had already led to the replacement of 5.8 million vehicles, with numerous automakers noting record sales. More than 33 million consumers participated in the "old-for-new" trade-in program, purchasing over 52 million items, and over two million sets of outdated equipment were upgraded, based on official data.
CCTV reported that the old-for-new exchanges program alone has generated over one trillion yuan in sales, contributing to increased consumption and investment while also supporting industrial growth and advancing the country’s green transition.
Camille Lefevre for TROIB News
In a media conference held by the National Development and Reform Commission and Finance Ministry, officials announced that the number of household appliance categories eligible for the trade-in subsidy program will increase from eight last year to 12 for 2025. The maximum subsidy amount will be 20 percent of the sales price for each item.
Additionally, the revised policies will expand funding support for equipment replacement to cover the digital, industrial safety, and agricultural facilities sectors as well.
Following this announcement, stock prices for major household appliance manufacturers, e-commerce companies, and general retailers experienced an uptick, as reported in an equity market overview on Baidu.
According to a report from China Central Television, by mid-December, the country's trade-in policies had already led to the replacement of 5.8 million vehicles, with numerous automakers noting record sales. More than 33 million consumers participated in the "old-for-new" trade-in program, purchasing over 52 million items, and over two million sets of outdated equipment were upgraded, based on official data.
CCTV reported that the old-for-new exchanges program alone has generated over one trillion yuan in sales, contributing to increased consumption and investment while also supporting industrial growth and advancing the country’s green transition.
Camille Lefevre for TROIB News
