A sales representative promotes televisions that qualify for a state-backed subsidy scheme at a Suning electronics retail store in Beijing on January 15, 2025. Beijing is hoping subsidies for rice cookers, microwave ovens and smartphones can boost sluggish spending and help the country weather an economic storm from incoming US president Donald Trump. (Photo by Jade GAO / AFP) / To go with 'CHINA-ECONOMY-CONSUMER, REPORTAGE' by Peter CATTERALL (Photo by JADE GAO/AFP via Getty Images)