Experts suggest that the country's subsidy limit can be increased to 500 billion.
This year, the national finance subsidy for trading in old for new consumer goods is coming to an end, and whether it will continue next year is being closely watched. Several experts interviewed suggest that the "" policy should be continued next year, with the funding level possibly increased from this year's 300 billion yuan to 500 billion yuan, and continue to optimize the allocation of funds towards areas such as service consumption, in order to further leverage fiscal funds to drive consumer spending, facilitate industrial transformation and upgrading, and boost the economy. In order to promote consumption, China issued 150 billion yuan of ultra-long-term special national bonds in 2024 for the upgrade of consumer goods, also known as the "" by the public. Due to the positive effects in the first year, the subsidy amount in 2025 was increased to 300 billion yuan and distributed quarterly to ensure balanced use of funds. In October, the Ministry of Finance allocated 69 billion yuan for the fourth quarter of this year. Journalists conducting on-site research this year found that the "" policy not only directly benefits the public, but also stimulates sales of products covered by the subsidy, boosts manufacturers' performance growth, and drives related industries towards transformation.
Latest

