China's ongoing trade-in program for home appliances has led to a surge in sales which topped 73.36 billion yuan (10.3 billion U.S. dollars) since August, the latest data from the Ministry of Commerce (MOC) showed Wednesday.
As of Wednesday, around 10.83 million consumers have benefited from the program for which the central government has provided more than 13.96 billion yuan in subsidies for consumers, the MOC said.
MOC data showed that green and smart home appliances are favored by consumers, with products labeled with top-level energy efficiency accounting for more than 90 percent of the sales volume during the period.
Regions such as Hubei Province, Chongqing and Shanghai municipalities, and the city of Shenzhen have expanded the categories of home appliances eligible for subsidies according to local conditions, incorporating green and intelligent products such as sweeping robots, dishwashers, air purifiers, and unmanned aerial vehicles, the ministry said.
In the next step, the ministry will continue to encourage various regions to speed up the implementation of subsidy policies and guide home appliance manufacturers as well as distribution companies to seize the consumption boom periods such as the Double Eleven online shopping festival to boost consumption under the trade-in program, it said.
The Double Eleven online shopping festival, also known as the Singles' Day shopping festival, is a Chinese version of Black Friday when discounts and sales promotions are usually offered for consumers in the month of November.
In a significant push to stimulate consumer spending, China has rolled out an expansive trade-in policy across multiple sectors since August.
China reports home appliance sales surge under trade-in program
A growing number of global tourists are flocking to China for trips, as the country continues to expand its visa-free policy to more countries in Asia and Europe.
China has decided to expand the visa-free policy to ordinary passport holders from Slovakia, Norway, Finland, Denmark, Iceland, Andorra, Monaco, Liechtenstein, and the Republic of Korea on a trial basis, the Ministry of Foreign Affairs said on November 1.
From November 8, 2024, through December 31, 2025, travelers from these nine countries are exempt from visas to enter China and can stay for no more than 15 days for business, tourism, family visits, and transit purposes, the ministry added.
Yanji Chaoyangchuan International Airport in northeast China's Jilin Province, one of the main entry points for South Korean travelers to China, has witnessed a significant increase in passenger flow following the implementation of the policy.
Since November 8, the number of South Korean tourists entering China through this port has surged, showing a remarkable 90 percent growth compared to the same period last year.
"[Previously,] because of the visa, it would take a lot of time and cost a lot [to come to China]. While now, China's visa-free policy covers South Korea, so we can come freely, which is particularly convenient and pretty good," said a South Korean tourist.
Following its inclusion in China's visa-free policy, South Korea has seen a sharp increase in travel bookings to China. According to a report by South Korea's Aju Business Daily, during the period from November 1 to 5, reservations for group tours to China on a major South Korean travel e-commerce platform jumped by 91 percent year on year.
South Korean airlines are also actively expanding their China routes to meet the rising demand. Asiana Airlines, for instance, has increased the frequency of its Incheon-Beijing route from 14 flights per week to 20.
The Ministry of Foreign Affairs on Friday announced that China will further expand the scope of its visa-free policy to facilitate exchanges between Chinese and foreign nationals.
From November 30, 2024 to December 31, 2025, travelers holding ordinary passports from Bulgaria, Romania, Croatia, Montenegro, North Macedonia, Malta, Estonia, Latvia and Japan will be granted visa-free entry on a trial basis, according to the ministry.
In addition, China has decided to further optimize the visa-free policy, include exchange visits in the reasons for visa-free entry, and extend the visa-free stay period from the current 15 days to 30 days, the ministry said.
Starting from November 30, 2024, travelers holding ordinary passports from 38 countries, who come to China for business, sightseeing, visiting relatives and friends, or exchange visits, and transit for no more than 30 days, will be granted visa-free entry, according to the ministry.
Since the ministry's announcement, interest in Chinese destinations has skyrocketed across various travel platforms. On the overseas platforms of China's leading online travel agency Ctrip, searches for Chinese destinations surged by 65 percent on its Europe site and an impressive 112 percent on its Japan site.
Additionally, searches for direct flights from multiple Japanese cities to China have seen a significant increase.
According to a report by NHK on Friday, Japanese Prime Minister Shigeru Ishiba emphasized during a interview at the Prime Minister's Office that the foundation of Japan-China relations lies in people-to-people exchanges. He expressed hope that the newly expanded visa-free policy would further strengthen bilateral exchanges.
Japanese media reported that many Chinese travel agencies are also anticipating a surge in inbound tourism from Japan
Data from the National Immigration Administration showed that in the third quarter of this year, ports across China have handled 8.186 million inbound passenger trips made by foreign nationals, up by 48.8 percent year on year. Among them, a total of 4.885 million trips have enjoyed visa-free policy, representing a remarkable 78.6 percent growth compared to the same period last year.
China sees surging inbound tourism figures following visa-free expansion
