Ministry of Commerce: Trade-in policy drives consumer goods sales to 3.92 trillion yuan

chinanews.com2026-01-07

The State Council Information Office held a press conference on the 6th to introduce the situation related to promoting green consumption.

On January 6, China's State Council Information Office held a press conference in Beijing. Vice Minister of Commerce Sheng Qiuping, Director of the Science and Technology and Finance Department of the Ministry of Ecology and Environment Wang Zhibin, Director of the Market and Information Technology Department of the Ministry of Agriculture and Rural Affairs Lei Liugong, Director of the Circulation Industry Development Department of the Ministry of Commerce Li Jialu, and Director of the Certification and Supervision Management Department of the State Administration for Market Regulation Yao Lei introduced the situation related to promoting green consumption and answered reporters' questions. Photo by China News Service reporter Yang Kejia

Vice Minister of Commerce Sheng Qiuping said at the meeting that from 2024 to 2025, my country will trade in 18.3 million vehicles, of which new energy vehicles account for nearly 60%. A total of 192 million home appliances were traded in for new ones, of which first-level energy efficiency (water efficiency) accounted for more than 90%. The trade-in policy drove consumer goods sales to 3.92 trillion yuan and benefited 494 million consumers.

The growth in consumption of green commodities such as new energy vehicles and green smart home appliances has led to the steady expansion of the green consumption market, a richer supply of green products, continuous innovation in green consumption models, and continuous optimization of the environment for green consumption.

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