The home appliance market is booming in supply and sales. Many consumers choose to upgrade major appliances before the Spring Festival.
Refrigerators, washing machines, and color TVs are popular categories for trade-in. In 2023, the number of major categories of home appliances will exceed 3 billion, and every 100 residents will have more than 100 air conditioners, refrigerators, and TVs. The amount of recycled waste and renewable resources will increase by more than 15% compared with 2023. The new policy is an important measure to promote the replacement of old home appliances with new ones.