[Multiple Regions Further Intensify Consumer Goods Trade-In Policies]

Since Q3, multiple regions including Beijing, Qinghai Province, Gansu Province, Chongqing, Shanghai, and the Ningxia Hui Autonomous Region have introduced new policy measures regarding consumer goods trade-in.

Hong Tao, vice chairman of the China Consumer Economics Society, said in an interview with reporters that consumer goods trade-in activities have a strong driving effect, benefit a wide range of people, and deliver tangible livelihood results, serving as a key lever for releasing consumption potential. Localities’ continued efforts in consumer goods trade-in help further cultivate new consumption hot topics, better meet public needs and enterprise expectations, and thereby expand domestic demand while improving people’s livelihoods.

Looking at this round of actions, although the driving forces behind relevant local departments optimizing the implementation of consumer goods trade-in policies have different focuses, overall there are three main directions: optimizing implementation mechanisms, lowering subsidy thresholds, and expanding the scope of subsidized product categories. Among them, many localities have balanced two or three directions.