Ministry of Commerce: Trade-in has been optimized and implemented, and domestic “trendy products” are widely popular. The trade-in of consumer goods continues to gain strength. Since 2026, over 10.99 million units of home appliances have been traded in, and more than 12.6 million new digital and smart products have been purchased. According to data from the National Bureau of Statistics, in January-September, retail sales of communication equipment per unit above the limit were 812.3 billion yuan, up 18.1% year on year. Among them, the single month of September increased by 31.1% year on year. The growth rate continued to rank first among the 16 categories of products, the highest level since June last year. Retail sales of wearable smart devices and energy-efficient household appliances have continued to grow rapidly. Time-honored brands are showing active consumer performance. A total of 131 events of various types were held in various regions, achieving direct sales of 1,302 billion yuan, driving online and offline sales of 15.96 billion yuan. Platform enterprise data shows that in January-September, dine-in transaction volume of time-honored Chinese catering companies increased 7.85% year over year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.