CHINA CONSUMER GOODS - International Trade Administration
The U.S. consumer goods sector continues to demonstrate robust interest and engagement in the Chinese market, as evidenced by strong interest and attendance at the 2024 China International Consumer Products Expo in Hainan (Expo) – the largest trade show of its kind in Southern China.
China to expand consumer goods trade-in program to spur growth
3 days ago · BEIJING, Jan. 8 -- China announced Wednesday a raft of measures to expand the scope of the consumer goods trade-in program amid a drive to boost domestic demand and spur economic growth. China will expand the number of home appliance categories eligible for government subsidies from eight in 2024 to 12 in 2025, Zhao Chenxin, deputy head of the ...
China: Beijing bets on rice cookers and microwaves to boost ... - BBC
2 days ago · On Wednesday, officials said 81 billion yuan (£8.9bn; $11bn) had been earmarked this year for the consumer goods trade-in scheme. China's top economic planning body has said the schemes, which ...
China bets on kitchen appliances to boost economy - BBC
2 days ago · On Wednesday, officials said 81 billion yuan (£8.9bn; $11bn) had been earmarked this year for the consumer goods trade-in scheme. China's top economic planning body has said the schemes, which ...
China expands consumer trade-in scheme to revive economic …
3 days ago · BEIJING, Jan 8 (Reuters) - China added more home appliances to the list of products that can be used in its consumer trade-in scheme and will offer subsidies for additional digital goods this year ...
China counts on microwaves, rice cookers to revive economic …
3 days ago · A state planner official last week said China would sharply increase funding from ultra-long treasury bonds in 2025 to spur equipment upgrades and consumer goods trade-in scheme.
China steps up trade-in schemes to spur consumer demand
Sep 4, 2024 · Shanghai's policy epitomizes the ongoing drive to promote trade-in schemes across China. The initiative, covering automobiles, home appliances and decors, aims to encourage the replacement of outdated goods with newer and more advanced options.
China FMCG Settles into New Reality, with Moderate Growth and ...
In 2023, China’s fast-moving consumer goods (FMCG) market experienced its first full year of operations following the lifting of Covid-19 restrictions in December 2022. Despite a promising start, the year fell short of consumer confidence and consumption expectations.
China’s retail sector is over. Third-quarter retail sales of goods grew by only 3 percent, with the recent Double Eleven shopping festival eking out a mere 2 percent increase over the previous year. This slowdown is evident across various categories, including cosmetics (3 percent), clothing (4 percent), and appliances (0.8 percent),
China's consumer goods trade-ins unleash market potential: official
Oct 18, 2024 · TIANJIN -- China's consumer goods trade-ins have unleashed new market demands, with over 1.4 million applications for automobile scrapping and renewal subsidies recorded so far, Vice-Minister of Commerce Sheng Qiuping said on Friday.
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