- China Galaxy Securities reports that national subsidy policies are driving a strong recovery in downstream consumption, particularly in the home and electric bicycle sectors.
- In April 2025, furniture retail sales grew by 26.9% year-on-year, while over 4.2 million electric bicycles were exchanged under the subsidy program, significantly exceeding market expectations.
- The report suggests investors focus on companies like Oppein Home and Pop Mart, highlighting the positive impact of subsidies on corporate performance and the overall growth in consumer demand.
