China’s equipment upgrade, consumer goods trade-in programs deliver fruitful results in 2024

"On February 10, China's National Development and Reform Commission reported strong growth in investment and consumption due to large-scale equipment upgrade and consumer goods trade-in programs. The programs boosted sales of durable consumer goods by over 1.3 trillion yuan and saved energy equivalent to approximately 28 million tonnes of standard coal, with a significant reduction in carbon dioxide emissions."