Beijing — China's consumer trade-in program has crossed a major milestone in 2026, with cumulative sales of subsidized goods surpassing 1 trillion yuan and more than 136 million consumers participating, official data show.
A Powerful Consumption Engine
According to Ministry of Commerce monitoring, by June 20 the trade-in campaign had pulled in related goods sales of over 1 trillion yuan. The program, now in its third year, has evolved into one of the most effective levers for boosting domestic demand.
| Category | Volume | Sales |
|---|---|---|
| Auto trade-ins | 3.428 million units | 555.24 billion yuan |
| Home appliances & digital | 132.895 million units | 451.63 billion yuan |
Autos Lead the Charge
Vehicle trade-ins have been the standout, with scrappage and trade-up schemes together moving 3.43 million cars. New-energy vehicles (NEVs) are central to the push: NEV retail penetration hit a record 62.9% in May, underscoring the green-transition dividend of the subsidies.
How the Subsidies Work
- Autos: Up to 12% of purchase price (max 20,000 yuan) for scrapping an old car and buying an NEV; 10% (max 15,000 yuan) for fuel vehicles
- Home appliances: 15% subsidy on 6 categories at Grade 1 energy efficiency, up to 1,500 yuan per item
- Digital devices: 15% on phones, tablets and select gadgets under 6,000 yuan, up to 500 yuan each
The program doubles as both a demand stimulus and a green-upgrade mechanism, channeling household spending toward energy-efficient, smart products.
Source: Ministry of Commerce, 2026