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China's consumer goods trade-in program spurs consumption spree during National Day holiday

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China

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China's consumer goods trade-in program spurs consumption spree during National Day holiday

2025-10-02 17:21 Last Updated At:10-03 03:37

China's consumer goods trade-in program has spurred the consumption spree during the eight-day National Day and Mid-Autumn Festival holiday which starts on Wednesday.

This year, the fourth batch of ultra-long special treasury bonds totaling 69 billion yuan (about 9.69 billion U.S. dollars) have been issued to support consumer goods trade-in programs before the official holiday.

At a large shopping mall in Beijing, the total customer flow on the first day of the holiday more than doubled compared to an average weekend, driven by the benefits of the related policies on consumer goods trade-ins.

"Compared to previous trade-in programs, the range of categories has expanded to meet more consumer needs. Consumers can simply tap on their smartphones to participate in trade-in programs," said Chen Rui, deputy store manager of JD Mall, Shuangjing Subdistrict, Chaoyang District.

The combination of multiple discounts has not only lowered the barriers for consumers to upgrade but also accelerated the adoption of smart and green products in daily life.

In a retail store in Fuyang City of east China's Anhui Province, the sales of energy-efficient appliances now account for over 80 percent.

At the same time, Taizhou City of east China's Jiangsu Province has brought its popular "Consumption Fair" into the holiday period to enrich shopping experiences for urban and rural residents.

"[I] didn't expect to receive such substantial subsidies for trade-in of consumer goods. The discounts are very real," said Wang, another consumer.

China's consumer goods trade-in program spurs consumption spree during National Day holiday

China's consumer goods trade-in program spurs consumption spree during National Day holiday

The three astronauts of China's recently-returned Shenzhou-20 mission on Friday shared the experiences of their dramatic 204-day space mission, including detailing the emergency procedures which were implemented to bring them safely home after their return capsule was struck by space debris.

The trio -- Chen Dong, Chen Zhongrui, and Wang Jie -- met with the press in Beijing on Friday afternoon, marking their first public appearance since returning to Earth in November.

When detailing the emergency response mechanisms which were enacted prior to their scheduled return, the astronauts explained that upon discovering a triangular crack on the spacecraft's viewport window, they immediately took photos for documentation and transmitted them to the ground team, who swiftly activated an emergency plan to get the trio home safely.

Experienced mission commander Chen Dong explained how the crew had complete faith in their colleagues on the ground to find a solution to these unforeseen circumstances which led to their return being delayed.

"First, we must trust the ground team, who would anticipate everything and develop the safest return plan for us. Second, we must believe in ourselves; as well-trained astronauts, we have the ability to manage various unexpected failures. I believe that with the collaboration of astronauts and researchers on the ground, our space home will surely go farther, more steadily, and for a longer time," he said.

Following their extended stay in space as a result of the debris incident, the Shenzhou-20 crew spent a total 204 days in orbit, setting a new record for the longest duration by a single group of Chinese astronauts.

During their mission, they completed multiple payload operations, conducted extensive scientific experiments, and carried out four extravehicular activities.

"Our crew worked together with the ground team in unity and coordination, completing four extravehicular activities, several payload entry and exit tasks, and a large number of scientific experiments. It was a fulfilling yet challenging mission. The path to exploring the heavens is long and arduous, but I firmly believe that China's space missions will succeed," said Chen Zhongrui, a former air force pilot who was making his first spaceflight during the mission.

"From the ground to space, from learning to application, I have deeply felt the solid progress of Chinese space endeavors and the quiet dedication of countless personnel behind the scenes. In the future, I will accomplish each mission with full commitment, living up to the trust of the motherland and the people," said fellow astronaut Wang Jie, who was also making his debut spaceflight.

After returning to Earth on Nov 14, the trio successfully completed their isolation recovery and rehabilitation and will now resume normal training following health assessments.

The crew's return, originally scheduled for Nov 5, was postponed due to safety concerns, with the astronauts later using the return capsule belonging to their successor crew of the Shenzhou-21 mission to get back to Earth. China later launched the unmanned Shenzhou-22 spacecraft which will serve the future return of the crew now aboard the Tiangong Space Station.

Shenzhou-20 astronauts share experiences after safely returning from debris incident

Shenzhou-20 astronauts share experiences after safely returning from debris incident

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