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The positive impacts of the subsidy initiatives aimed at encouraging the trade-in of old home appliances and the purchase of new digital and smart gadgets are now becoming evident. During January of this year, the combined sales of six types of home appliances and four categories of digital and smart products soared past the 15 million unit mark, with the total sales value nearing 59 billion yuan. Presently, subsidy programs have been rolled out across 32 regions, with 19 regions having already released detailed implementation guidelines. Specifically, 6.813 million units of home appliances were traded in through these programs, generating sales of 29.71 billion yuan. Meanwhile, 9.115 million units of digital and smart products were newly acquired, contributing to sales of 29.21 billion yuan.
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