下载app

扫码下载

扫码关注

新华报业网  > 推荐 > 正文
Global brands get boost from pro-consumption policy

Customers shop at a Xiaomi store in Chengdu, Sichuan province. [Photo/Xinhua]

The expanded pro-consumption policy, which comprises measures such as subsidies for digital products and home appliances, is driving significant sales growth and deeper market engagement for international brands doing business in China, which is benefiting both retailers and consumers, market insiders and experts said.

The "two new" policy — focusing on large-scale equipment renewal and consumer product trade-ins — has been broadened to further stimulate demand for high-end and energy-efficient products. In January, a series of new measures were introduced to expand the scope of the consumer goods trade-in program.

Leading global brands are actively leveraging these measures to strengthen their market presence.

Home appliance maker Dyson has participated in trade-in subsidy programs across multiple cities.

In Shanghai, more than 60 Dyson products were included in the city's green smart home appliances subsidy program, offering consumers additional discounts across both online and offline channels, including WeChat mini-programs, JD, Tmall and Douyin.

The company increased its investment in in-store activities, media promotions and strategic channel marketing, contributing to strong sales growth, according to Dyson China. The company reported particularly high demand for its air purifier models during the period.

A manager at Dyson's Shanghai IAPM Mall store said that the subsidies significantly boosted consumers' enthusiasm, particularly during major shopping events such as the National Day Golden Week in October and Singles' Day in November.

"The government subsidy program in Shanghai has greatly encouraged consumer spending," said the manager surnamed Chen.

"To meet rising demand, we expanded our staff capacity. We're pleased that Dyson will continue to participate in the program this year, benefiting both consumers and businesses."

China's leading home appliance retailer Suning has also reported a significant boost in sales thanks to the policy, reflecting the strong performance of international brands benefiting from these initiatives.

Since the launch of the national subsidy program in 2024, Suning has recorded major sales growth across multiple categories.

Sales of Samsung refrigerators increased by 73 percent year-on-year, while sales of Samsung garment care machines surged by 116 percent, according to Suning.

Siemens range hoods saw a 192 percent sales increase, and A.O. Smith gas-fired boilers recorded 96 percent year-on-year growth.

Min Qi, general manager at Suning's store platform business division, said: "The measures have accelerated the release of consumption potential. International home appliance brands have actively participated in the subsidy program, providing consumers with a wider range of products and more diverse shopping experiences."

With the measures being increasingly favorable to energy-efficient and smart products, consumers are showing greater interest in high-end, intelligent digital devices and home appliances, Suning said.

Since the policy's implementation last year, Suning has recorded over 150 percent year-on-year growth in home appliance trade-ins.

International brands have responded by increasing their investment in product offerings and consumer experiences. For example, Samsung met with Suning in January to refine store layouts, plan new product launches and optimize terminal construction for 2025.

In February, Suning and BSH Home Appliances — a home appliance manufacturer whose brands include Bosch and Siemens — set a cooperation target of 4.5 billion yuan ($620 million) for this year, focusing on expanding trade-in programs and enhancing joint product launches.

责编:刘雨霏
版权和免责声明

版权声明: 凡来源为"交汇点、新华日报及其子报"或电头为"新华报业网"的稿件,均为新华报业网独家版权所有,未经许可不得转载或镜像;授权转载必须注明来源为"新华报业网",并保留"新华报业网"的电头。

免责声明: 本站转载稿件仅代表作者个人观点,与新华报业网无关。其原创性以及文中陈述文字和内容未经本站证实,对本文以及其中全部或者部分内容、文字的真实性、完整性、及时性本站不作任何保证或者承诺,请读者仅作参考,并请自行核实相关内容。

专题
视频

扫码下载

交汇点新闻APP

Android版

iPhone版

分享到微信朋友圈
打开微信,点击底部的“发现”,使用 “扫一扫” 即可将网页分享到我的朋友圈。
分享到QQ
手机QQ扫描二维码,点击右上角 ··· 按钮分享到QQ好友或QQ空间