China’s 2024 home appliance sales just smashed records like a viral TikTok trend! Retail sales under the government’s trade-in program soared to 1.03 trillion yuan ($143 billion) – the first time crossing the trillion-yuan mark – thanks to eco-conscious shoppers and juicy subsidies.
Over 37 million consumers upgraded their gadgets, from smart fridges to 4K TVs , with energy-efficient models making up 90% of sales. Talk about green goals! The program’s popularity exploded faster than a K-pop fandom: hitting 1 million participants in 33 days, then rocketing to 5 million in just 17 more days.
Starting in March 2024, China’s trade-in revival (its first major push in 15 years!) aims to boost spending and cut carbon footprints. Now, they’re doubling down: microwaves, rice cookers , and 8 other appliances will join the subsidy list in 2025. Could your next kitchen upgrade be tax-funded?
Retail sales under the government’s trade-in program soared to 1.03 trillion yuan ($143 billion) – the first time crossing the trillion-yuan mark – thanks to eco-conscious shoppers and juicy subsidies. 
, with energy-efficient models making up 90% of sales. Talk about green goals! 
The program’s popularity exploded faster than a K-pop fandom: hitting 1 million participants in 33 days, then rocketing to 5 million in just 17 more days. 
, and 8 other appliances will join the subsidy list in 2025. Could your next kitchen upgrade be tax-funded? 
