Ministry of Commerce: Over 66 million consumers have purchased over 1.09 billion units of 12 categories of home appliances in exchange for old products since the beginning of this year.

On July 22, the person in charge of the Department of Circulation Development of the Ministry of Commerce talked about the development of China's wholesale and retail industry in the first half of 2025. He stated that since the beginning of this year, more than 66 million consumers have purchased over 109 million units of 12 categories of household appliances in exchange for old ones, and over 69 million consumers have purchased over 74 million units of digital products such as phones. Throughout the country, 82,000 retail stores have implemented the old-for-new program for electric bicycles, with a total of 9.056 million new vehicles purchased. According to data from the National Bureau of Statistics, from January to June, the retail sales of household appliances and audio-visual equipment in units above the designated size increased by 30.7% year-on-year, and the retail sales of communication equipment in units above the designated size increased by 24.1% year-on-year. Traditional brands and services are widely favored. Various regions continue to promote the "Traditional Brand Carnival 2025", achieving direct sales of 2.78 billion yuan and driving a total sales of 11.62 billion yuan online and offline. Data from platform companies show that from January to June, the transaction volume for on-site dining in Chinese traditional brand catering companies increased by 25.2% year-on-year.