China's extensive trade-in program for consumer goods in 2025 generated more than 2.6 trillion yuan (about 368 billion U.S. dollars) in sales, and involved over 360 million consumer purchases, providing fresh momentum for consumption, industrial upgrading and green transition.
According to data released from the Ministry of Commerce on Thursday, the program saw over 11.5 million vehicles traded in nationwide, along with the replacement of more than 129 million home appliances.
The initiative also facilitated the sale of 91 million new mobile phones and other digital products, as well as over 120 million units of home decor products, kitchenware and bathroom items.
Additionally, trade-ins of electric bicycles topped 12.5 million units, data showed.
The program has notably advanced China's green transition.
In vehicle trade-ins, new energy vehicles accounted for nearly 60 percent, helping the retail market share of new energy passenger vehicles remain above 50 percent for nine consecutive months, reaching 59.4 percent in November.
For home appliances, over 90 percent of trade-in sales were comprised of top-tier energy- or water-efficient products, while sales of communications equipment experienced growth for 11 straight months.
More importantly, as e-commerce continues to thrive, the program has encouraged more consumers to choose in-store shopping to experience products firsthand and access subsidies. This shift has driven increased spending in dining, entertainment, and other services.
Data showed that in commercial areas with a high concentration of home appliance trade-in stores, consumer spending by nearby merchants within a 1-kilometer radius rose by more than 30 percent, according to data provided by relevant institutions.
China's trade-in program generates sales of over 2.6 trillion yuan in 2025: data
The airstrike conducted by Saudi-led coalition targeting the port of Mukalla in Yemen's oil-rich Hadramout province early Tuesday morning has caused severe damage to nearby residential buildings and left locals terrified.
According to the coalition, the strike targeted weapons and combat vehicles allegedly unloaded at the port from two unauthorized ships that arrived from the port of Fujairah in the United Arab Emirates (UAE) over the weekend.
Coalition spokesman Turki Al Maliki said the vessels had disabled their tracking systems and delivered a large cache of arms intended to bolster the Southern Transitional Council (STC) in Yemen's Hadramout and Al-Mahra provinces, a move he described as a "clear violation" of the UN Security Council Resolution 2216 of 2015.
He said the operation was conducted in accordance with international humanitarian law and its customary rules, ensuring that no collateral damage occurred.
However, local residents offered a different account, describing scenes of chaos and destruction in the pre-dawn hours following the strike.
"As you can see, this is the severe damage that occurred to our home as a result of the airstrike that targeted the Mukalla port, specifically military vehicles that were next to the house, about 20 to 40 meters away. At exactly 04:30, the location was targeted with a surprise airstrike, and we were shocked by the sudden violent explosions," said Salem Ali Al-Haj Zaid, a local resident.
Another resident, Um Ali, described the psychological toll on children.
"The children kept crying from the time of the strike until morning. Poor things, they were shocked, scared and unable to sleep again," said Ali.
The strike hit especially hard for Um Mohammed, a widow living on the top floor of a residential building near the port.
"We were terrified. My mother is old. The most damage was to the floor of the building where I live, and I am a widow. Who will compensate us for this?" said Mohammed.
The reported attacks come amid heightened military escalation in Hadramout, where Saudi-backed Yemeni government forces have warned of possible military action following the STC's refusal to withdraw its forces from the governorate.
Meanwhile, the Saudi-led coalition called on all civilians to immediately evacuate the port of Mukalla to ensure their safety, according to the Saudi state news agency SPA.
Mukalla, the capital of Hadramout governorate, is a key port city on Yemen's southeastern coast, with strategic and economic value.
Saudi-led airstrike on Yemen's Mukalla port damages homes, sparking fear among locals
