Consumer electronics see electric performance

High-tech gadget purchases, including via trade-ins, boosting consumption

China's consumer electronics sector is witnessing a remarkable upswing, on the back of technological innovation and favorable policy support to spur consumption, officials and company executives said.

Since February, China's consumer electronics sector has seen its industry index surge 11.7 percent, said Shenwan Hongyuan Securities.

E-commerce platform Tmall also reported a spike in sales between Jan 20 and Feb 9. Smartphone transactions rose over 41 percent, tablets over 72 percent, and smartwatches/bands in excess of 60 percent compared to the previous month.