China expands scope of consumer trade-ins for home appliances

Last Updated: January 8, 2025Categories: EconomyBy Views: 26

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BEIJING () – China will expand the scope of home appliance trade-ins this year to 12 categories from the eight included last year, the vice head of the country’s state planner said on Wednesday.

Consumers will get subsidies equivalent to 20% of the sales price per one new home appliance this year, said Zhao Chenxin, vice head of the National Development and Reform Commission (NDRC).

© . FILE PHOTO: A visitor walks past photos of home electrical appliances at China Import and Export Fair, also known as the Canton Fair, in the southern Chinese city of Guangzhou October 17, 2011. /Bobby Yip/ File Photo

Support will also continue for the purchase of residential furnishings and the trade-in of electric bicycles, Zhao said.

According to the document issued by the NDRC and the finance ministry on Wednesday, microwave ovens, water purifiers, dish-washing machines and rice cookers will be included in the trade-in scheme for home appliances.

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