China's trade-in scheme boosts home appliance sales by over 200 bln yuan
BEIJING, Dec. 7 (Xinhua) -- Sales revenue of home appliances under the policy-backed trade-in program reached 201.97 billion yuan (about 28.11 billion U.S. dollars) as of Friday, data from the Ministry of Commerce showed.
Products with the highest energy efficiency level contributed to over 90 percent of the sales revenue, the data showed.
According to the ministry, a total of 29.64 million consumers have enjoyed subsidies for their home appliance purchases, lifting the sales volume by 45.85 million units.
The home appliance trade-in program is part of China's efforts to boost domestic demand and support economic growth.
The State Council released an action plan in March to initiate large-scale equipment upgrades and trade-ins of consumer goods -- nearly 15 years since the last such round of renewals.
（Editor:Liao Yifan）
