EconomyChina
China's Trade-In Program Sales Drop as Stimulus Effect Fades
China's trade-in program generated 1.1 trillion yuan in H1 2026, down 31% from last year, as stimulus fatigue sets in and retail sales contract.
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China's trade-in program generated 1.1 trillion yuan in H1 2026, down 31% from last year, as stimulus fatigue sets in and retail sales contract.
China's May exports surged 19% on AI-chip demand while retail sales shrank, prompting a fresh $9.2 billion consumer stimulus package.
China injects $9.2 billion in trade-in subsidies as May retail sales fall 0.6%—the first contraction since 2023—signaling stimulus campaign exhaustion.
China injects $9.2 billion in new consumer subsidies as May retail sales post first decline since 2022, signaling challenges for domestic demand.