Beijing: China's consumer goods trade-in program has generated 1.1 trillion yuan (about 153.1 billion U.S. dollars) in sales in the first five months this year, the Ministry of Commerce said on Sunday.

According to Namibia Press Agency, as of Saturday, nationwide trade-ins had fueled a surge in transactions, including 4.12 million vehicles, 77.62 million units of household appliances, and 56.63 million units of digital products such as mobile phones. The data from the ministry highlighted the significant impact of the trade-in program on various sectors.

The program is part of China's broader efforts to spur domestic demand and has contributed to a sustained recovery in the country's consumer spending, as noted by the ministry. The initiative aligns with the government's focus on boosting consumption, which was listed as a top priority in the government work report released in March 2025.

Retail sales of consumer goods, which serve as a major indicator of the country's consumption strength, rose 4.7 percent year on year in the first four months of 2025. This represents an acceleration from the 4.6-percent growth recorded in the first quarter of the year, according to official data.