Global EditionASIA 中文雙語(yǔ)Fran?ais
    Business
    Home / Business / Policies

    Trade-in plan helps broader energy goal

    Upgraded greener air conditioners among hot-selling home appliances

    By ZHU WENQIAN | CHINA DAILY | Updated: 2025-07-22 06:37
    Share
    Share - WeChat
    Shoppers look at air conditioners that offer trade-in subsidies at a store in Jiaxing, Zhejiang province. JIN PENG/FOR CHINA DAILY

    As heat waves intensify across China, household air conditioner use has continued to grow, and rising residential cooling demand has been placing increasing pressure on the power grid.

    China's consumer goods trade-in policy, which is aimed at stimulating household spending, has encouraged consumers to replace their outdated appliances with more efficient models, as consumers receive a subsidy covering 15 percent of the retail price for grade 2 energy efficiency models and 20 percent for top-tier grade 1 models. This has in turn supported the country's broader energy and climate goals.

    A new report by United Kingdom-based energy think tank Ember said China's consumer goods trade-in program could accelerate the annual efficiency improvement rate of its room air conditioner stock by up to 70 percent. This could potentially reduce residential cooling power use by up to 4.1 percent this summer, demonstrating tangible energy savings in just one year. This reduction could save consumers up to $943 million on electricity bills this year.

    "The consumer goods trade-in program is a major initiative that supports China's broader efforts to boost overall domestic consumption. While set to conclude in 2025, its impacts are long-lasting. For example, the program drives energy efficiency improvements in China's room air conditioner stock," said Yang Biqing, energy analyst of Ember in Asia.

    So far this summer, the power grid loads in Jiangsu, Anhui, Shandong, Henan and Hubei provinces have hit record highs. About 90 percent of the incremental load on Jiangsu's power grid was attributed to electricity use by air conditioning, said the National Energy Administration.

    The trade-in policy, which started last year, encourages residents to use more energy-efficient products and replace older models.

    The plan outlines the issuance of ultra-long special treasury bonds totaling 300 billion yuan ($41.8 billion) to bolster the program this year, doubling from that of 2024, said the National Development and Reform Commission.

    Since late June, major home appliance retailer Suning Group reported an 82 percent year-on-year growth in sales of energy-efficient air conditioners. Products with energy-saving features have been more popular, the company said.

    "The trade-in policy provides consumers with economic benefits. Many consumers tend to choose new devices of higher quality and better performance when participating in the program, and it has driven the development trend of home appliances and digital products toward higher-end, smarter and greener directions," said Denis Cheng, consumer sector leader of EY Greater China.

    China has underscored the importance of boosting domestic demand and consumption to spur economic growth in multiple meetings, and the trade-in policy has injected fresh impetus into the consumer market and the economy.

    As of June this year, the trade-in policy has driven sales of related items of over 2.9 trillion yuan, with about 400 million person-times benefiting from the subsidies. Since September, retail sales of home appliances by enterprises above a designated size have maintained double-digit growth, said the Ministry of Commerce.

    "The trade-in program for consumer goods is not merely a consumption stimulus policy. It has also encouraged consumers to upgrade to a more intelligent and eco-friendly quality of life," said Commerce Minister Wang Wentao during a news conference on Friday.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲AV无码之日韩精品| 久久青青草原亚洲av无码| 日韩成人无码中文字幕| 最近最新中文字幕高清免费| 国产在线无码不卡影视影院| 中文字幕在线无码一区| 人妻少妇久久中文字幕一区二区| 国产午夜无码视频在线观看| 亚洲国产精品无码久久SM | 久久99精品久久久久久hb无码| 中文字幕乱码人妻综合二区三区 | 中文无码伦av中文字幕| 国产精品久久久久无码av| 永久免费AV无码网站国产| 最近免费最新高清中文字幕韩国| 亚洲中文字幕一二三四区苍井空| 本道天堂成在人线av无码免费| 亚洲人成网亚洲欧洲无码久久| 日韩久久久久中文字幕人妻| 中文字幕在线观看| 天堂资源8中文最新版| 亚洲中文字幕久久精品无码喷水| 老子影院午夜精品无码| 国产精品一区二区久久精品无码| 午夜福利无码不卡在线观看| 亚洲成AV人片在线播放无码 | 亚洲国产精品无码av| 中文字幕无码不卡免费视频| 中文字幕无码久久精品青草| 少妇无码太爽了不卡在线观看| 日本无码WWW在线视频观看| 无码乱码av天堂一区二区| 无码av高潮喷水无码专区线| 日日摸夜夜爽无码毛片精选| 国产网红主播无码精品| 亚洲热妇无码AV在线播放| 亚洲桃色AV无码| 无码精品国产VA在线观看DVD| 国产精品无码一区二区三区电影| 国产∨亚洲V天堂无码久久久| 国产无码网页在线观看|