The sales revenue of consumer goods under the policy-backed trade-in program in 2024 surpassed 15.91 billion yuan (about 2.17 billion U.S. dollars) in northwest China's Xinjiang Uygur Autonomous Region, according to data from the Xinjiang Regional Commerce Department.
In a significant push to stimulate consumer spending, China rolled out an expansive trade-in policy across multiple sectors earlier last year. From automobiles and home appliances to real estate, the initiative aims to encourage the replacement of outdated goods with newer and more advanced options.
Over the past year, customers in Xinjiang enjoyed a total subsidy of 1.93 billion yuan (about 263.78 million U.S. dollars) under the trade-in policy for buying products such as cars, home appliances, bathroom and kitchen products and electric bicycles.
Data from the Xinjiang Regional Commerce Department show that by the end of 2024, a total of 90,000 vehicle trade-in applications had been submitted across the region. Under the trade-in program, the sales of home appliances reached 466,000 units, sales of bathroom and kitchen products reached 93,700 items and the sales of electric bicycles reached 33,200 units.
"I received a subsidy of over 900 yuan (about 123 U.S. dollars) when I bought a 4,000-yuan (about 546 U.S. dollar) refrigerator. Now, I'm planning to buy a new fridge for my parents," said Yao Shujun, a local resident.
The Regional Commerce Department has announced that the trade-in subsidy policies will be extended in 2025 in an effort to boost consumption.
Trade-in program boosts consumption in northwest China's Xinjiang
Chinese navy vessel Xuchang opened to the public at the sideline of the International Maritime Defense Exhibition (IMDEX) Asia 2025 in Singapore on Thursday, receiving more than 1,000 visitors boarding the ship docked at Changi Naval Base.
It was also the closing day of IMDEX Asia 2025, one of the most influential defense events in Asia which opened on Tuesday at the Changi Exhibition Center. China has participated in the exhibition for many consecutive sessions.
This edition of the exhibition attracted more than 100 companies from around the world, focusing on displaying the latest maritime sci-tech achievements in artificial intelligence technology, ship power systems and other aspects.
The Type 054A missile frigate Xuchang and Type 082II minesweeper Chishui - both domestically developed - starred as China's floating ambassadors at the exhibition.
More than 1,000 visitors, including overseas Chinese and foreign military personnel, streamed across their decks during guided tours that blended hardware displays with cultural diplomacy.
Aboard the 4,000-ton Xuchang, sailors carefully orchestrated visits from stern to bow, explaining the history of the People's Liberation Army Navy between displays of missile systems and radar equipment.
"It is my first time here, and I feel overwhelmed. It is much larger than what I imagined. And I see many kinds of weapons, none of them I've ever seen before," said a Chinese student in Singapore.
At a deck reception on Thursday evening, sailors on frigate Xuchang put on performance costumes and played Zheng, a 21-or 25-stringed plucked instrument, did Tai Chi and displayed face-changing of Sichuan Opera.
"I experienced a lot of diversity in cultural stuff, and it's very fortunate to come," said a Singaporean naval soldier.
"It's great, I think. I thank you for your colleagues and your welcoming. So I think it's great, I made a few friends on board the ship here. Because I'm Chinese myself, I kind of like the culture," said another seaman from Singapore.
From Tuesday to Thursday, the Chinese Navy participated in various activities organized by the host, including the opening ceremony, a welcome reception, and professional exchanges.
Through friendly and open interactions, the visiting Chinese naval soldiers impressed the local people as opening, cooperative, and confident.
Xuchang, with the hull number 536, is a Type 054A guided missile frigate developed domestically by China with a full load displacement of over 4,000 tons. It is capable of carrying out sea assault, air defense and anti-missile missions. Since it was commissioned in 2017, the ship has participated in a number of major training and exercise missions and maritime escort operations.
Chinese frigate opens to public at Singapore exhibition
