China's consumer goods trade-in programs generated 1.54 trillion yuan (about 230 billion U.S. dollars) in sales as of Sunday, benefiting 206 million consumers nationwide, official data showed Monday.

Across the country, 27 provincial-level regions have rolled out subsidy policies for their locally produced product categories, which has boosted sales of 2.286 million related items.
Benefiting from these policies, the potential of commodity consumption continues to be unlocked, with purchases of green and smart products maintaining a steady growth momentum.
In the first seven months of this year, the retail sales of high-energy-efficiency home appliances by enterprises above the designated size increased by over 30 percent year on year, and sales of smart glasses and action cameras on major platforms also grow rapidly.
The market penetration rate of new energy passenger vehicles has exceeded 60 percent for four consecutive months.
China rolled out the subsidies in 2024 as part of a broader consumer goods trade-in program covering a wide range of products, including automobiles, smartphones and household appliances. The initiative has played a key role in boosting market confidence and stimulating domestic demand.