India, July 16 -- In a bold and unusual move, China is paying people to upgrade their smartphones, home appliances, cars, and even tractors. From direct cashbacks to hefty trade-in discounts, a nationwide upgrade push is underway, targeting nearly every corner of consumer life. The aim? Spark spending, boost factory output, and modernize everything from households to heavy machinery.

This isn't just a phone exchange scheme, it's a full-blown tech refresh. Here's what's eligible for incentives:

The current push expands on older trade-in schemes, but with far broader coverage and deeper pockets.

China's post-pandemic economy has struggled with weak domestic demand. By paying people to swap old for new, the government is nudging consumers...