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CN Trade-in Policy, Others Boost Related Sales to RMB1.3T+: MOC
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China's State Council Information Office held the "High-Quality Development Achievements of China's Economy" Press Conference to introduce the work of commerce in serving high-quality development. Li Yongjie, China's deputy international trade representative at the Ministry of Commerce (MOC), said that domestic consumption grew steadily last year, with the total retail sales of social consumer goods reaching RMB44.3 trillion in 11M24, up 3.5%. The trade-in policy and others have also driven sales of products such as vehicles, home appliances, as well as kitchen and bathroom furnishings to exceed RMB1.3 trillion, Li added. Among them, green and smart products, especially new energy vehicles, home appliances with first-level energy efficiency, and smart home appliances, were particularly favored. AAStocks Financial News |
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