2026年8月30日星期日 媒体关于🌓
🇨🇳 CN ▾
快讯
国际

How foreign brands benefit from China's consumer trade-in program

🏛️ CGTN World (oficial) ·
How foreign brands benefit from China's consumer trade-in program

China's consumer trade-in program has expanded since 2025 to cover vehicles, home appliances, mobile phones, tablets and other digital products.

Foreign brands have been able to participate alongside domestic brands.

Apple provides a clear example.

When subsidies for mobile phones took effect in January 2025, eligible iPhone models were included in the program.

A 128GB iPhone 16 was available for 4,699 yuan (about $700) after a 500-yuan subsidy at Apple's official store on JD.com, according to China Media Group.

The subsidy applied to eligible products priced at no more than 6,000 yuan, at 15% of the final selling price, capped at 500 yuan.

Foreign automakers have also participated.

In January 2026, consumers were seen visiting a Tesla store in Wuhan after the new round of vehicle trade-in subsidies took effect.

The program offered subsidies of up to 20,000 yuan for scrappage replacement and 15,000 yuan for trade-in replacement, subject to eligibility requirements.

Official figures show the scale of foreign-brand participation.

On June 22, Ling Ji, vice minister of Commerce and Deputy China International Trade Representative, said foreign auto brands accounted for more than 35% of new vehicle sales under the trade-in program.

Foreign brands accounted for more than 13% of new purchases of home appliances, digital products and smart products.

He also said China supports foreign-invested companies in participating in consumer trade-in policies on an equal basis.

The equal-treatment principle is also reflected in the policy rules.

在CGTN World (oficial)阅读完整文章 ›

此摘要由5News从媒体的公开信息源汇聚而成。 包含完整背景的全文在www.cgtn.com — 内容归CGTN World (oficial)所有。

更多来自CGTN World (oficial)的报道

查看全部 ›

更多国际新闻

查看全部 ›