The Ministry of Commerce convenes a symposium for automobile enterprises: optimizing the implementation of the trade-in program for old cars with new ones, launching pilot reforms of the automobile circulation consumption, and improving industry management systems.

On February 6th, the Ministry of Commerce held a symposium with automobile enterprises to discuss related work on automobile circulation and consumption. Vice Minister of Commerce, Sheng Qiuping, pointed out that China's super-large market foundation is solid, with great potential in the long automotive consumption chain, supported by continuous policy implementation, and expanding the entire chain to enhance automotive consumption. In 2026, the Ministry of Commerce will work together with relevant departments to adhere to a combination of policy support and reform innovation, integrate existing measures and increase policy efforts, optimize the implementation of the old-for-new car exchange program, carry out pilot reforms in automobile circulation and consumption, improve industry management systems, and take multiple measures to promote the capacity and quality expansion of automotive consumption. Original text: Ministry of Commerce holds symposium with automobile enterprises On February 6th, the Ministry of Commerce held a symposium with automobile enterprises to discuss related work on automobile circulation and consumption. Representatives from automobile industry associations, research institutions, and enterprises attended the meeting. Comrade Sheng Qiuping, Vice Minister of Commerce, attended the symposium and exchanged views. Sheng Qiuping stated that the automobile industry is a strategic and pillar industry of the national economy, playing an important role in stabilizing growth, expanding domestic demand, and developing new quality production capabilities. By 2025, through joint efforts with relevant units and the entire industry, the Ministry of Commerce has successfully delivered impressive results in the automotive industry, with automobiles continuing to play a leading role in the consumption market. Sheng Qiuping pointed out that China has a solid foundation in the super-large market, with great potential in the long automotive consumption chain, and there is ample room for expanding automotive consumption with continuous policy implementation. In 2026, the Ministry of Commerce will work together with relevant departments to adhere to a combination of policy support and reform innovation, integrate existing measures and increase policy efforts, optimize the implementation of the old-for-new car exchange program, carry out pilot reforms in automobile circulation and consumption, improve industry management systems, and take multiple measures to promote the capacity and quality expansion of automotive consumption. Representatives from participating enterprises expressed that in recent years, the country has introduced a series of policies to promote automobile circulation and consumption, effectively supporting the upward development of the automobile market. Enterprises will continue to work together to promote the high-quality development of China's automotive industry. Representatives from the Ministry of Commerce, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Transportation, the China Banking and Insurance Regulatory Commission, the General Administration of Sports, and other departments responded to the issues and suggestions raised by enterprises. This article is compiled from the Ministry of Commerce by GMTEight, edited by Chen Wenfang.