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China's home appliance sales surge under trade-in program during National Day holiday

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China's home appliance sales surge under trade-in program during National Day holiday

2024-10-08 21:53 Last Updated At:22:07

China's trade-in program for home appliances during the National Day holiday has led to a surge in sales revenues which topped 17.835 billion yuan (about 2.53 billion U.S. dollars), according to data from the Ministry of Commerce (MOC).

During the seven-day National Day holiday starting on Oct 1, nearly 2.52 million consumers purchased 3.745 million units across eight categories of household appliances through the trade-in program, with sales reaching 17.835 billion yuan.

The eight categories were refrigerators, washing machines, televisions, air conditioners, computers, water heaters, household stoves and range hoods.

Among them, the top three categories were air conditioners, refrigerators and computers, with sales reaching 4.519 billion yuan, 3.797 billion yuan, and 2.624 billion yuan, respectively.

Since the introduction of the trade-in policy for home appliances, about 8.24 million consumers have purchased about 11.78 million home appliances in eight categories, generating sales exceeding 55.793 billion yuan.

"The consumer traffic in our store has increased dramatically, almost tripling that of last year, and our sales have more than doubled," said Wang Yisheng, a home appliance store owner in Nanjing City of east China's Jiangsu Province.

The country also reported a surge in vehicle sales. As of Oct 7 midnight, the MOC's automobile trade-in platform had received over 1.27 million subsidy applications, driving new car sales to exceed 160 billion yuan, of which applications for subsidies related to new energy vehicles accounted for more than 60 percent of the total.

"I have been driving my old car for eight years. I am very satisfied with the power, handling and comfort of the new car. After I learned about the generous incentives offered by the government's 'trade-in' policy, I made the purchase without hesitation," said Mr. Chen, a consumer from Yongzhou City of central China's Hunan Province.

China's home appliance sales surge under trade-in program during National Day holiday

China's home appliance sales surge under trade-in program during National Day holiday

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Russia’s fifth-generation Su-57 to debut at Zhuhai Airshow

2024-11-04 22:15 Last Updated At:22:37

Russia's fifth-generation Su-57 fighter landed in Zhuhai City, south China's Guangdong Province, on Monday to take part in the 15th China International Aviation and Aerospace Exhibition from Nov 12 to 17.

Preparations of the event, also known as Zhuhai Airshow, are well underway, with some exhibition equipment already in the exhibition area.

The Zhuhai Airshow will mark Su-57's debut in China.

The multifunctional Russian fighter, a single-seat twin-engine jet, features a supersonic cruising speed, internal weapons, radio-absorbing coating and sophisticated instruments aboard.

This year's airshow has attracted at least 1,022 companies from 49 countries and regions, marking a more than 38-percent increase in the number of exhibitors from the previous edition.

So far, aircraft are arriving at the site in succession and construction of exhibition booths is in full swing.

Russia’s fifth-generation Su-57 to debut at Zhuhai Airshow

Russia’s fifth-generation Su-57 to debut at Zhuhai Airshow

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