Ministry of Commerce: Over 66 million consumers have purchased more than 1.09 billion units of 12 categories of home appliances under the "trade-in old for new" program since the beginning of this year.

On July 22, the person in charge of the Ministry of Commerce's Department of Circulation Development talked about the development of China's wholesale and retail industry from January to June 2025. The effects of trading in old for new are significant, and domestically produced "trendy products" are highly popular. Trading in old for new is releasing consumer potential. Since the beginning of this year, over 66 million consumers have purchased over 1.09 billion units of 12 categories of household appliances as part of old-for-new programs, and over 69 million consumers have purchased over 74 million units of smartphones and other digital products. Over 82,000 sales outlets nationwide have carried out old-for-new programs for electric bicycles, with a total exchange of 9.056 million new vehicles. According to data from the National Bureau of Statistics, from January to June, the retail sales of household appliances and audio-visual equipment by enterprises above a certain size increased by 30.7% year on year, while the retail sales of communication equipment by enterprises above a certain size increased by 24.1% year on year. Time-honored brands and services are highly favored. Various regions continue to promote the "Time-honored Brands Festival 2025," achieving direct sales of 2.78 billion yuan, and driving Wuxi Online Offline Communication Information Technology Co., Ltd.'s sales to 11.62 billion yuan. Data from platform enterprises shows that from January to June, the turnover of meals in China's time-honored restaurant enterprises increased by 25.2% year on year. The original text is as follows: The person in charge of the Ministry of Commerce's Department of Circulation Development discusses the development of China's wholesale and retail industry from January to June 2025 This year, the Ministry of Commerce has implemented the decisions of the Party Central Committee and the State Council, accelerated the improvement of the modern commercial distribution system, and promoted the high-quality development of the wholesale and retail industry. According to data from the National Bureau of Statistics, from January to June, the value added of China's wholesale and retail industry was 6.8 trillion yuan, a year-on-year increase of 5.9%, accounting for 10.3% of GDP. The development of China's wholesale and retail industry is stable and positive, providing strong support for the comprehensive expansion of domestic demand and the strengthening of the domestic circulation. The operation of the wholesale and retail industry is stable, and the growth of formats is good. From the perspective of the wholesale industry, from January to June, the turnover of key commodity markets monitored by the Ministry of Commerce was 2.8 trillion yuan, of which the turnover of industrial consumer goods, and agricultural and sideline products markets increased by 7.3% and 0.1% year on year, respectively. From the perspective of the retail industry, according to data from the National Bureau of Statistics, the retail sales of goods were 21.8 trillion yuan from January to June, an increase of 5.1% year on year. Retail sales from the five major formats of chain stores, specialty stores, supermarkets, brand specialty stores, and department stores were all on the rise, increasing by 7.5%, 6.4%, 5.4%, 2.4%, and 1.2% year on year, respectively. The urban and rural markets remain active, with steady growth in consumer traffic. Urban commercial activities continue to grow. From January to June, the customer traffic and turnover of 50 nationally monitored pedestrian streets (commercial districts) increased by 5.2% and 3.4% year on year, respectively. So far, 210 pilot areas nationwide have built 5,510 convenience life circles, serving 125 million community residents. The vitality of county and rural markets has increased. So far, 155,000 commercial outlets of all types have been built or renovated in counties, towns, and villages nationwide. According to data from the National Bureau of Statistics, the share of county and rural markets in the total retail sales of consumer goods reached 38.9% from January to June. Rural e-commerce is flourishing. Business big data shows that from January to June, the online retail sales in rural areas increased by 6.2% year on year, and agricultural and sideline products online retail sales increased by 7.0% year on year. The effects of trading in old for new are significant, and domestically produced "trendy products" are highly popular. Trading in old for new is releasing consumer potential. Since the beginning of this year, over 66 million consumers have purchased over 1.09 billion units of 12 categories of household appliances as part of old-for-new programs, and over 69 million consumers have purchased over 74 million units of smartphones and other digital products. Over 82,000 sales outlets nationwide have carried out old-for-new programs for electric bicycles, with a total exchange of 9.056 million new vehicles. According to data from the National Bureau of Statistics, from January to June, the retail sales of household appliances and audio-visual equipment by enterprises above a certain size increased by 30.7% year on year, while the retail sales of communication equipment by enterprises above a certain size increased by 24.1% year on year. Time-honored brands and services are highly favored. Various regions continue to promote the "Time-honored Brands Festival 2025," achieving direct sales of 2.78 billion yuan, and driving Wuxi Online Offline Communication Information Technology Co., Ltd.'s sales to 11.62 billion yuan. Data from platform enterprises shows that from January to June, the turnover of meals in China's time-honored restaurant enterprises increased by 25.2% year on year. This article is compiled from: Ministry of Commerce official website; GMTEight Editor: Li Fo.