Skip to Content Facebook Feature Image

China's Spring Festival spending boosts home appliance, smart device sales by 21.7 pct

China

China

China

China's Spring Festival spending boosts home appliance, smart device sales by 21.7 pct

2026-02-26 12:08 Last Updated At:12:37

China's consumer market recorded strong growth during the nine-day Spring Festival holiday running from Feb 15-23, driven by expanded government subsidies for home appliances, digital devices and smart products, the Ministry of Commerce said.

The data released by the ministry showed that sales of six categories of trade-in home appliances and four categories of digital and smart products reached 5.106 million units during the holiday period, marking a 21.7 percent increase compared with the holiday period of last year.

Subsidy policies also boosted offline retail sales, with offline channels accounting for 73.3 percent of the total sales of home appliances, digital and smart products, according to the official data.

Smart devices and higher-quality consumption stood out as key drivers. In 2026, smart glasses have been included in the purchase subsidy program for the first time, quickly emerging as a popular item during the holiday, with regions such as Tianjin, Chongqing and Sichuan reporting notable increases in inquiries and purchases of digital products.

Meanwhile, consumer spending continued to shift toward higher-end products, with mid-to high-end smartphones accounting for 65 percent of the total mobile phone sales during the holiday period, demonstrating an ongoing upgrade in consumption patterns.

China's Spring Festival spending boosts home appliance, smart device sales by 21.7 pct

China's Spring Festival spending boosts home appliance, smart device sales by 21.7 pct

Next Article

U.S. dollar ticks down

 

The U.S. dollar weakened in late trading on Wednesday.

The dollar index, which measures the greenback against six major peers, dropped 0.15 percent to 97.7 at 15:00 (2000 GMT).

In late New York trading, the euro advanced to 1.1805 dollars from 1.1779 dollars in the previous session, and the British pound was up to 1.3551 dollars from 1.3502 U.S. dollars in the previous session.

The U.S. dollar bought 156.44 Japanese yen, higher than 155.78 Japanese yen of the previous session. The U.S. dollar lost to 0.7729 Swiss francs from 0.7735 Swiss francs, and it fell to 1.3678 Canadian dollars from 1.3704 Canadian dollars.

The U.S. dollar was down to 9.0219 Swedish kronor from 9.0449 Swedish kronor.

U.S. dollar ticks down

U.S. dollar ticks down

Recommended Articles