Today (January 8), the State Council Information Office held a regular policy briefing, the National Development and Reform Commission, Ministry of Finance, Ministry of Commerce, People's Bank of China, the General Administration of Market Supervision, the relevant person in charge of the implementation of the "two new" policy to introduce additional expansion of the situation.
The relevant person in charge of the National Development and Reform Commission (NDRC) introducedExpanded support for consumer goods trade-ins.
- Will the eligibleNational IV emission standard fuel vehicles(i.e., fuel vehicles in the first year of implementation of National IV emission standards, including gasoline vehicles registered before June 30, 2012, and diesel and other fuel vehicles registered before June 30, 2014)Inclusion of end-of-life replacement subsidies.Harmonize and standardize the maximum subsidy limit for car replacement and renewal across the country.
- The number of home appliances enjoying the trade-in subsidy has been increased from 8 categories last year to 12 categories in 2025, with a single piece enjoying a subsidy of up to 20% of the sales price.Continuing to support the trade-in of 8 categories of home appliances such as refrigerators, washing machines, TVs, air-conditioners, computers, water heaters, household stoves, range hoods, etc., and including 4 categories of home appliances such as microwave ovens, water purifiers, dishwashers and rice cookers in the scope of subsidies. Individual consumers purchasing the above 12 categories of home appliances with 2 levels of energy efficiency or water efficiency standard products, the subsidy standard is 15% of the sales price of the product; 1 level of energy efficiency or water efficiency standard products, the subsidy standard is 20% of the sales price of the product. each consumer can be subsidized for 1 piece of each category of products (air-conditioning products can be subsidized for up to 3 pieces), and the subsidy does not exceed 2,000 yuan per piece. 2024 has been enjoying the Individual consumers who have enjoyed the trade-in subsidy for certain types of home appliances in 2024 can continue to enjoy the subsidy for purchasing the same type of home appliances in 2025.
- Implementation of subsidies for the purchase of new digital products such as cell phones. For individual consumers purchasing three types of digital products such as cell phones, tablet PCs, and smartwatch bracelets (with a single sales price not exceeding 6,000 yuan).Subsidies are given at 15% of the product's sales price, and each consumer can be subsidized for 1 piece of each type of product, with each piece of subsidy not exceeding 500 yuan.
- Continued strong support for the replacement of consumer goods for home furnishings and the trade-in of electric bicycles.
