Consumer fatigue and scaled-back policy support led to sharp sales declines in automobiles and home appliances in the first half of 2026

China's consumer goods trade-in programs generated 1.1 trillion yuan ($161.9 billion) in sales in the first half (H1) of 2026, benefiting 150 million consumers, official data…

Consumer fatigue and scaled-back policy support led to sharp sales declines in automobiles and home appliances in the first half of 2026