Strengthening financial and taxation support, the policy of trading in old for new is expected to be enhanced.

The recent State Council executive meeting and the national teleconference on the promotion of replacing old consumer goods with new ones have deployed the next stage of the policy, releasing signals of increased policy support. Experts believe that based on the current optimization and adjustment of the policy in various regions, the follow-up policy of replacing old consumer goods with new ones may focus on increasing the amount of financial support and expanding the range of product categories. At the same time, it will further strengthen policy coordination and technological empowerment to ensure that the policy benefits reach consumers directly, effectively expanding domestic demand and boosting consumption.