As of May 2, the consumer goods trade-in initiative implemented this year has already benefited 84.274 million individuals, propelling sales to an impressive 619.36 billion yuan. Since May 1, regions including Shanghai, Hubei, and Chongqing have expanded their subsidy offerings. In addition to the national subsidies covering 10 product categories, these regions now provide additional financial support for smart home appliances and products tailored for the elderly.
