China's National Day holiday, which took place from October 1 to 7, witnessed a substantial surge in sales of smart and green products. According to data released by the Chinese Ministry of Commerce, there was a strong demand for intelligent and healthy products during this period. The data revealed that sales of embodied AI robots on major platforms increased by 1.3 times year-on-year.
The sales of smart glasses saw a twofold increase compared to the same period last year. Additionally, sales of water-saving equipment rose by 18.1% year-on-year, while sales of exoskeleton devices grew by 12.8%. Furthermore, sales of outdoor sports equipment increased by 10.4% year-on-year. These statistics indicate a notable shift towards smart and eco-friendly products among Chinese consumers.
The National Program for replacing old consumer goods with new ones also showed promising results during this period. A total of 6.39 million people benefited from the program, resulting in sales of 33.48 billion yuan. The program led to the replacement of 68,000 old cars with new ones, generating sales of 10.92 billion yuan. Moreover, 2.85 million household appliances were replaced, yielding sales of 12.34 billion yuan.
The program also saw significant sales of digital and smart products, with 3.05 million units sold, valued at 8.68 billion yuan. These numbers demonstrate a considerable increase in consumer spending on smart and innovative products. The Chinese government's initiatives to promote the replacement of old goods with new ones appear to be yielding positive results.
According to the Ministry of Commerce, 78 monitored commercial streets experienced increases in visitor numbers and business revenues, with growth rates of 2.5% and 4.7% year-on-year, respectively. This suggests that the National Day holiday had a positive impact on the retail sector, with many businesses benefiting from the surge in consumer spending.
The data released by the Ministry of Commerce highlights the growing trend towards smart and sustainable products in China. The significant increase in sales of AI robots, smart glasses, and other eco-friendly products indicates a shift in consumer preferences. This trend is likely to continue, driven by government initiatives and increasing consumer awareness of the importance of sustainability.
In conclusion, China's National Day holiday saw a notable surge in sales of smart and green products, driven by government programs and changing consumer preferences. The data released by the Ministry of Commerce provides valuable insights into the trends shaping the Chinese retail sector. As the country continues to promote sustainable consumption, it is likely that sales of smart and eco-friendly products will continue to grow.
Key points
- Sales of embodied AI robots on major platforms increased by 1.3 times year-on-year during China's National Day holiday.
