China will expand consumption subsidies to cover smartphones and other electronics, in a step to promote domestic spending as external headwinds pick up.

China plans to broaden its consumption subsidies to include smartphones and other electronics in a bid to boost domestic spending as external challenges loom. The country’s trade-in program, originally focussed on home appliances and cars,

Chinese consumers in the post-Covid era have begun holding onto their smartphones longer, given a lack of exciting new features and general belt-tightening.

BEIJING (Reuters) -Shipments to China of foreign-branded smartphones, including Apple Inc's iPhone, fell by 47.4% in November from a year earlier, according to data released on Friday from a government-affiliated research firm.

Sales of foreign phone brands in China plunged in November, highlighting challenges for Apple. Shipments of foreign mobile phones were down significantly year-on-year in October and November. based on data from the China Academy of Information and Communications Technology.