In the second half of the year, there will still be 138 billion yuan in central funds for the replacement of old with new, and industry insiders say that the phenomenon of national subsidies temporarily suspending restrictions will be alleviated.

On June 20th, according to relevant departments, there will be an additional 138 billion yuan of central funds for the national subsidy program for trading in old products for new ones in the second half of the year, which will be distributed in an orderly manner in the third and fourth quarters. Senior industry insiders in the home appliance industry have told reporters that the national subsidies in some regions are currently suspended, but will be resumed in the future; in other regions, the national subsidies are limited, but will be eased in the future. Some businesses have suggested that the implementation of national subsidies in the second half of the year should help address the issue of the long time period for distributors to fulfill their subsidies. The relevant national departments have stated that they will disburse central funds to support the trade-in of old products for new ones in the third and fourth quarters in July and October respectively, and each region will continue to provide supplementary financial support. These departments will also guide local governments to further optimize and improve the subsidy distribution methods to ensure that policy implementation is more stable and orderly, and that funds are used evenly until the end of the year. In addition, the relevant departments will strengthen product quality and price regulation, prevent fraudulent subsidies, and ensure that policies are implemented in an orderly and regulated manner.