NewsFlash / Steel / Multiple Regions Intensify "Large-Scale Equipment Upgrade & Consumer Goods Trade-In Program" to Boost Consumption
Multiple Regions Intensify "Large-Scale Equipment Upgrade & Consumer Goods Trade-In Program" to Boost Consumption
iconMay 13, 2025 09:27
Source:SMM
[Multiple Regions Continue to Strengthen "Program of Large-Scale Equipment Upgrades and Consumer Goods Trade-ins" to Stimulate Consumption Vitality] Recently, multiple regions across the country have continued to strengthen the "program of large-scale equipment upgrades and consumer goods trade-ins," adopting various measures to stimulate consumption vitality by optimizing service processes and expanding the scope of subsidies. For example, the Implementation Plan for Special Actions to Boost Consumption in Guangdong Province, issued by the General Office of the People's Government of Guangdong Province, proposes supporting cities and prefectures in exploring a model of "financial subsidies + enterprise concessions + financial empowerment" based on their industrial development and residents' consumption needs, and providing subsidies for the trade-in of large durable consumer goods. It also continues to support the replacement and renewal of vehicles, expanding the scope of support for vehicle scrappage and renewal, and including eligible China IV vehicle emission standards fuel-powered passenger vehicles in the scope of scrappage and renewal subsidies.

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