Story perspectives

China Boosts Consumption with $8.93 Billion Trade-In Scheme

12/31/2025

Summary

Story summary

The National Development and Reform Commission (NDRC) announced an extension of China's consumer goods trade-in scheme to boost consumption.
It will allocate 62.5 billion yuan (US$8.93 billion) in special bonds to local governments for Q1 2026, with funding quarterly.
The funds subsidize autos, home appliances, and tech products such as smart glasses.
The policy upgrades the 2025 framework to emphasize essential consumer needs by integrating new technologies.

1 of 1

Story summary

The National Development and Reform Commission (NDRC) announced an extension of China's consumer goods trade-in scheme to boost consumption.
It will allocate 62.5 billion yuan (US$8.93 billion) in special bonds to local governments for Q1 2026, with funding quarterly.
The funds subsidize autos, home appliances, and tech products such as smart glasses.
The policy upgrades the 2025 framework to emphasize essential consumer needs by integrating new technologies.