Business · Economy · 3 hrs ago
Guangxi trade-in policy drives more than 40 billion yuan in sales
Guangxi’s 2026 trade-in program drove more than 40 billion yuan in sales by October 29 and reached nearly 7 million consumer visits.
The program offers subsidies for people replacing cars, household appliances and digital products.
Car buyers can receive up to 20,000 yuan for scrapping a car or 15,000 yuan for replacing one.
Since June, Guangxi has added nine subsidised product categories, including range hoods, robot vacuums and smart toilets.
Appliance, digital and smart products generated 21.7 billion yuan in sales, while car sales reached 18.3 billion yuan.
The policy matters because it supports consumer purchases and has coincided with higher sales of green and smart goods; wearable device sales rose 217.7% in the first three quarters.
Guangxi plans to expand the program into county and rural areas while improving oversight of its funding and risks.
Guangxi’s consumer-goods trade-in policy has driven more than 400 billion yuan in sales, according to figures through October 29.
The policy had benefited nearly 7 million consumer visits.
Vehicle trade-ins generated more than 13 million vehicle sales worth 183 billion yuan.
Sales of eligible home appliances, digital and smart products reached 217 billion yuan across 6.8 million items.
Guangxi said green and smart consumption had increased, with wearable smart-device retail sales rising 217.7% in the first three quarters.
- Who
- Consumers and businesses in Guangxi. The policy is run by the Guangxi Zhuang Autonomous Region.
- What
- The consumer-goods trade-in policy had driven sales of more than 400 billion yuan by October 29, 2026.
- When
- Figures were reported on October 30 and cover activity through October 29, 2026.
- Where
- Guangxi, China.
- Why
- The policy supports consumer spending and helps consumers and businesses, according to the article.
This story does not have two clearly opposing sides.
Guangxi implemented a new round of consumer-goods trade-in measures.
Guangxi added nine locally subsidized product categories.
The policy had benefited nearly 7 million consumer visits and driven sales of more than 400 billion yuan.
Guangxi’s commerce department reported the figures.
- Total sales
- More than 400 billion yuan
- Beneficiaries
- Nearly 7 million consumer visits
- Vehicle sales
- More than 13 million vehicles; 183 billion yuan in sales
- Eligible product sales
- 6.8 million items; 217 billion yuan in sales
- Local additions
- Nine subsidized product categories added in June 2026