MNI BRIEF: China To Add CNY300 Bln For Consumer Trade-ins

China will increase support for the consumer trade-in programme via an additional CNY300 billion in special treasury bonds this year, as the government puts consumption at the top of its priorities, according to the Government Work Report released during the opening ceremony of the annual National People’s Congress on Wednesday.

In addition to boosting special treasury support from last year's CNY150 billion, authorities will also promote income growth, especially for middle- and low-income groups and expand the diversified supply of health, elderly care, childcare and housekeeping services.

MNI previously reported that funding for consumer trade-ins will likely grow by at least 50% from its 2024 scale. (See MNI: Special Treasuries To Boost China's Consumers In 2025)