By Admin 
China digital product sales: China has implemented a subsidy program to promote domestic consumption. As a result of this, sales of digital products like smartphones, tablets and smartwatches have risen in the country. Due to this, about 20 billion dollars have been earned in just four months.
Digital products being purchased in millions
According to the report of the news agency PTI, on Friday, the Ministry of Commerce said that by Thursday more than 48 million consumers participated in the government’s digital product subsidy scheme. A total of 51.48 million products were purchased and about 143.3 billion yuan (about $ 19.9 billion) were sold.
The ministry data has shown that the retail cell of Communications Appliances in China between January and April has shifted a 25.4 percent jump over the same period last year. Consumer Goods has the highest growth in 16 categories.
Every product gets so much subsidy
Under the Chinese subsidy program, smartphones, tablets, smartwatches or restband purchasing customer sales prices are subsidized up to 15 % of the price of up to 15 % of the price of 6000 yuan ($ 850), which can be up to a maximum of 500 yuan per item. This scheme is applicable to both domestic and foreign brands. Now the government increased the number of products under subsidy to 12 in 2024 to 12 in 2025 to promote it further.
Due to this scheme of the government, the demand for domestic products increases, which promotes economic development. Here the government started this program from January 20 this year. From then on, more than 42 lakh consumers bought digital products by March.
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