China's trade-in policy, which aims to boost consumer spending, has resulted in a significant surge in home appliance sales, particularly in September.

Major appliance manufacturers such as Midea Group Co. and Haier Smart Home Co. have experienced a sharp increase in their stock prices, outperforming global competitors since the announcement of a $41 billion stimulus package in July.

Despite a slight decline in recent weeks, these companies have seen their stock value rise by over 20% in the past three months, surpassing the benchmark CSI 300 Index. This trend highlights the positive impact of government initiatives on consumer behavior and investor confidence in the home appliance sector.