According to a report by The Paper, Shanghai's Electric Power Corporation has provided data showing that the city's consumer goods trade-in policy has seen a significant surge in orders, with over 11 million transactions recorded as of now. The policy, which was implemented in 2025, aims to promote the upgrading of consumer goods quality by providing a three-tiered subsidy system and leveraging both online and offline channels. The data reveals that the sales volume has exceeded 26 billion yuan, with the trade-in orders continuing to rise. The policy's success can be attributed to its comprehensive implementation, which covers all product categories. As a result, consumers are now able to trade in their old products for new ones, leading to a significant increase in sales. The city's authorities are expected to continue monitoring the policy's progress and making adjustments as needed to ensure its continued success.