Shanghai Unveils Plan to Boost Trading in Old for New Household Appliances with Subsidies

Published: Sep 3, 2024 13:44

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[Shanghai: Implementing the National Policy of Trading in Old for New Household Appliances] SMM reported on September 3 that the "Shanghai Implementation Plan for Further Promoting the Trading in Old for New Consumer Goods" has been released. It proposes to implement the national policy of trading in old for new household appliances. For individual consumers purchasing eight categories of Level 1 energy-efficient products, including refrigerators, washing machines, TVs, air conditioners, computers, water heaters, household cookers, and range hoods, a subsidy of 20% of the sales price will be provided. For Level 2 energy-efficient products, a subsidy of 15% of the sales price will be given. Each consumer can receive a subsidy for one product in each category, with a maximum subsidy of no more than RMB 2,000 per product. Consumers can redeem category-specific consumption vouchers through mobile payment channels and verify them at designated stores for verification and cancellation.

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