BEIJING, 30th May, 2025 (WAM) -- China's light industry reported increased revenues and profits in the first four months of this year, thanks to a series of favourable measures aimed at expanding and upgrading domestic consumption.
In January-April, the total operating revenue of light industrial enterprises above the designated size in the country reached 7.35 trillion yuan (about US$1.02 trillion), marking a 4.9 percent increase year-on-year, according to the China National Light Industry Council. During the same period, these companies earned 419.06 billion yuan in profits, up 3.8 percent from a year ago.
The council pointed out that those obvious growths in the light industry come from the boosted consumption brought by the expanding scope of the consumer products under trade-in programmes.
According to China Central Television (CCTV), data showed that from January to April, over 34 million consumers participated in the trade-in programme for home appliances, buying a total of 51 million units of 12 appliance categories and generating 174.5 billion yuan in sales. The added value of the home appliance industry increased by 8.2 percent year-on-year.