China sold more than 62 million units of eight categories of home appliances, generating consumption of nearly 270 billion yuan (about 36.86 billion U.S. dollars), under the country's domestic appliance trade-in program in 2024, official data show.
According to the Ministry of Commerce, the trade-in scheme has also driven up growth in both home appliance recycling and disassembling volumes.
In 2024, the recycling volume of disused or old home appliances increased by 14.83 percent year on year, and the properly disassembling volume of disused home appliances went up by 20 percent on a yearly basis.
The home appliance trade-in program is part of China's efforts to boost domestic demand and support economic growth.
The State Council released an action plan in March 2024 to initiate large-scale equipment upgrades and trade-ins of consumer goods -- nearly 15 years since the last such round of renewals.
In the latest move, China on Jan. 8 announced a raft of measures to expand the scope of the consumer goods trade-in program.
The number of home appliance categories eligible for government subsidies rose from eight in 2024 to 12 in 2025, while microwaves, water purifiers, dishwashers and rice cookers were added to the trade-in list for home appliances.
China's home appliance trade-in scheme generates consumption of nearly 270 bln yuan in 2024
