Since this year, all relevant departments have earnestly implemented the decisions and arrangements of the Party Central Committee and the State Council, optimized the scope of consumer goods trade-in support, subsidy standards, and implementation methods, guided local authorities to implement the policy in a solid manner, and promoted positive results in the consumer goods trade-in policy. From January to August, sales of trade-in related products reached 1.55 trillion yuan, and subsidies benefited 208 million people. Among them, 5.353 million cars were traded in, 91.458 million were traded in 6 categories of household appliances, and 108 million new digital and smart products were purchased. Driven by the consumer goods trade-in policy, retail sales of communication equipment, high-efficiency household appliances, and wearable smart devices have maintained rapid growth. The share of new energy passenger vehicles in the retail sales of new passenger cars has been over 60% for 5 consecutive months. In the next step, all relevant departments will continue to guide local authorities to rationally grasp the pace of work, optimize plans for the use of funds, standardize and efficiently review and payment of subsidies, crack down on illegal and irregularities such as fraudulent compensation, and effectively utilize the effectiveness of consumer goods trade-in policies.

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