Move over, Marie Kondo —China's latest consumer trend isn't just about decluttering, but upgrading! The government's massive trade-in program is reshaping markets and mindsets, with eco-friendly tech and smart home gadgets taking center stage.
EVs on fire: New energy vehicle sales surged 34.8% YoY (April-July), while used car markets revved up 7.2%. Think of it as TikTok's 'clean girl aesthetic' meets automotive innovation!
Home glow-ups: Fridges, TVs, and smart appliances saw sales spikes up to 14.3%, with 20% subsidies for energy-efficient models. Even furniture sales jumped nearly 10%—your next IKEA haul just got greener.
Smart wearables up 35.2%
Low-emission car subsidies doubled down
1 trillion RMB market expansion projected
Analysts call this China's 'quality consumption leap'—where Gen Z's love for tech meets sustainability goals. As researcher Song Yuan notes, 'It's not just about buying more, but buying better.'
With policy muscle boosting green innovation, could this be the blueprint for post-pandemic economies worldwide?
—China's latest consumer trend isn't just about decluttering, but upgrading! The government's massive trade-in program is reshaping markets and mindsets, with eco-friendly tech and smart home gadgets taking center stage.
EVs on fire: New energy vehicle sales surged 34.8% YoY (April-July), while used car markets revved up 7.2%. Think of it as TikTok's 'clean girl aesthetic' meets automotive innovation!
Home glow-ups: Fridges, TVs, and smart appliances saw sales spikes up to 14.3%, with 20% subsidies for energy-efficient models. Even furniture sales jumped nearly 10%—your next IKEA haul just got greener.
Smart wearables up 35.2%
Low-emission car subsidies doubled down
1 trillion RMB market expansion projected
