Ministry of Commerce: digital and smart products become hotspots for trading in old for new.

BEIJING, April 19 (Xinhua) - According to the Ministry of Commerce, as of April 16, a total of 42.433 million digital and smart products were purchased, an increase of 31.7% compared to the same period last year, with sales reaching 126.153 billion yuan, an increase of 36.4% year-on-year. Among them, mobile phone sales accounted for over 80%, showing a trend of "expanding mid-to-high-end market and optimizing consumption structure". Since the beginning of this year, subsidies for purchasing new digital products such as smartphones have been improved and expanded. This is the first time that smart glasses have been included in the subsidy range, driving a rapid growth in the retail sales of communication equipment. By mid-April, 16 domestic brands of smart glasses have participated in the subsidy policy, leading to a 42.4% and 46.8% year-on-year increase in sales volume and sales value of key enterprises respectively. It is reported that under the subsidy policy for replacing old appliances with new ones and purchasing new digital and smart products, the retail sales of communication equipment by designated units reached 284 billion yuan from January to March, an increase of 20.8% compared to the same period last year, which is 18.4 percentage points higher than the growth rate of total retail sales of consumer goods during the same period and ranked first among the 16 categories of products. This article is reproduced from "Xinhuanet Co., Ltd." and edited by GMTEight.