local consumption

Latest news and articles about local consumption from NEX English

Boost local consumption through trade-in program in China

A report from the Chinese Ministry of Commerce reveals that the government-supported trade-in program achieved over <strong>60 million</strong> purchases in the first quarter of 2026, contributing to a sales increase of <strong>433 billion yuan</strong>.

China seeks to boost domestic growth through new strategies

China is facing significant economic challenges despite its technological advancements. The government aims to achieve sustainable growth by enhancing local consumption and reducing reliance on external demand.