Trade-in programs
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Limited Spots: Appliance Subsidies Paused in Multiple Regions, Signaling Potential New Policies
China’s consumer “trade-in” subsidies, crucial for boosting domestic demand, are experiencing temporary pauses in several regions during the 618 shopping festival. Many cities are shifting from broad subsidies to a “grab-the-coupon” system or have suspended them entirely. This slowdown, potentially linked to dwindling funds, impacts appliance and digital device purchases. While retailer promotions continue, the future of these subsidies is uncertain, yet policy is anticipated to shift to a quota system to better moderate fund usage.
