Beijing has ramped up its consumer goods trade-in program to stimulate market vitality and promote a green transition, driving over 21 billion yuan ($3.1 billion) in sales of new cars and home appliances in the first half of 2026.

Beijing has ramped up its consumer goods trade-in program to stimulate market vitality and promote a green transition, driving over 21 billion yuan ($3.1 billion) in sales of new…

China's NDRC will disburse 62.5 billion yuan by end of June for consumer trade-in subsidies covering appliances, EVs, and smartphones to boost spending.