Ministry of Commerce: As of February 19, 2026, the "Old for New" program for consumer goods has benefited 28.88 million people.

The journalist learned from the Ministry of Commerce that in the first four days of the Spring Festival holiday, various regions organized special activities for the "Happy Spring Shopping" Spring Festival, increased policy support, and drove a rapid growth in commodity and service consumption, continuing to stimulate holiday consumption vitality. There is a strong demand for commodity consumption. The continued effects of the trade-in policy are evident, with 28.88 million people benefiting from the trade-in policy for consumer goods in 2026, driving sales of 198.02 billion yuan. Among them, 612,000 vehicles were traded in for new ones, driving sales of new cars to 100.53 billion yuan. Smart products are very popular, with business big data showing that in the first three days of the holiday, sales of smart wearable devices on key platforms increased by 19.7%, with smart glasses growing by 2.5 times and smart blood glucose meters by 48.6%. Sales of duty-free products on Hainan's outlying islands are growing rapidly, with duty-free sales reaching 9.7 billion yuan in the first four days of the holiday, an increase of 15.8%.