"New National Subsidy Benefits 16.13 Million People in First Month, Driving Over RMB 92.5 Billion in Consumption"

According to data from the Ministry of Commerce, the newly introduced national subsidy policy has shown significant results in its first month of implementation. Nationwide trade-in programs for consumer goods benefited 16.13 million people and drove sales of automobiles, home appliances, digital devices, and smart products totaling RMB 92.56 billion. With the full rollout of the trade-in policy scheduled for 2026, combined with promotional discounts during the Spring Festival, a nationwide surge in consumer upgrades is effectively boosting both production and sales.