Ministry of Commerce: From January to March, efforts will be made to expand the scope of old-for-new trade-ins, and domestic goods are greatly favored as the "trendy products"

On April 21, the person in charge of the Ministry of Commerce's Department of Circulation Development discussed the development of China's wholesale and retail industry in the first three months of 2025. It was mentioned that the market operation started steadily, and there was a good trend in the growth of formats. Both urban and rural markets were vibrant, with steadily increasing customer flow and consumption. The "old-for-new" policy was expanded, and domestic products were highly favored. The effectiveness of the "old-for-new" policy in the household appliances sector was significant. Since the implementation of the policy in August 2024, consumers have purchased over one billion old-for-new household appliances, with over 40 million units purchased in 2025.