Ministry of Commerce: Since 2026, nationwide trade-in of consumer goods has driven sales of related categories to exceed RMB2 trillion, benefiting more than 250 million person-times.

On October 28, the Ministry of Commerce held a national video and telephone conference on advancing the trade-in of consumer goods, summarizing the progress and results of policy implementation and outlining key tasks for the next stage. The meeting noted that since 2026, the Ministry of Commerce, together with all regions and relevant departments, has thoroughly implemented the decisions and arrangements of the CPC Central Committee and the State Council, optimized working mechanisms, strengthened coordination and linkage, and effectively and orderly advanced policy implementation, driving sales of related categories to exceed RMB2 trillion and benefiting more than 250 million person-times. This has strongly boosted consumption growth, supported transformation and upgrading, facilitated circular utilization, and achieved multiple policy effects. The full text is as follows: National Video and Telephone Conference on Advancing the Trade-in of Consumer Goods Held in Beijing On October 28, the Ministry of Commerce held a national video and telephone conference on advancing the trade-in of consumer goods, summarizing the progress and results of policy implementation and outlining key tasks for the next stage. Assistant Minister of Commerce Yuan Xiaoming attended and delivered a speech. The competent commerce departments of Hebei and Zhejiang exchanged experience and delivered speeches. The meeting noted that since 2026, the Ministry of Commerce, together with all regions and relevant departments, has thoroughly implemented the decisions and arrangements of the CPC Central Committee and the State Council, optimized working mechanisms, strengthened coordination and linkage, and effectively and orderly advanced policy implementation, driving sales of related categories to exceed RMB2 trillion and benefiting more than 250 million person-times. This has strongly boosted consumption growth, supported transformation and upgrading, facilitated circular utilization, and achieved multiple policy effects. The meeting emphasized that all regions should further raise their political stance, establish and practice a correct view of political performance, focus on key links, adopt more solid measures, and advance policy implementation to higher standards, ensuring a successful conclusion of the year's work and solid results; they should combine local realities, strengthen departmental coordination and linkage, intensify efforts, innovate in creating offline consumption scenarios, accelerate subsidy disbursement, and effectively enhance the people's sense of gain. Units including the Office of the Central Financial and Economic Affairs Commission, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Finance, the State Taxation Administration, and the State Administration for Market Regulation attended the meeting at the main venue. Responsible officials of the competent commerce departments of all provinces, autonomous regions, municipalities directly under the Central Government, and the Xinjiang Production and Construction Corps attended at branch venues. This article was compiled from the Ministry of Commerce and edited by Li Fo for GMTEight.