Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 1 (Xinhua) — China’s trade-in consumer goods sales totaled 1.1 trillion yuan (about 153.1 billion U.S. dollars) in the first five months of this year, data from the Ministry of Commerce showed Sunday.
According to the department, during the reporting period, the nationwide program to replace old consumer goods with new ones led to a significant increase in the number of transaction volumes, including 4.12 million vehicles, 77.62 million units of home appliances and 56.63 million units of digital products such as mobile phones and others.
The program, part of China’s broader efforts to boost domestic demand, has contributed to a robust rise in consumer spending in the country, the ministry said.
As noted in the Government’s March 2025 work report, stimulating consumption was identified as one of the top priorities for the year.
Retail sales of consumer goods, a key measure of the country’s consumption, rose 4.7 percent year-on-year in January-April 2025, faster than the 4.6 percent growth recorded in the first quarter of this year, official data showed. -0-