Recent discussions about whether the national subsidy policy will extend into 2026 and the distribution of the fourth batch of 69 billion CNY in subsidies have drawn significant attention. Here’s a breakdown of the latest policy updates and expert insights on current subsidy access and future trends.

**Key Highlights: How to Access Subsidies** - **Home Appliances & Furniture**: Search "家電900" on the JD.com App for discounts up to 2,000 CNY. - **Electronics & Phones**: Search "數碼900" or "手機900" on JD.com for subsidies up to 500 CNY. - **Platform-wide Discounts**: Search "紅包900" on JD.com for additional vouchers.

**Current Policy: Final 60 Days for 2025’s Fourth Batch (69 Billion CNY)** Per the joint announcement by the National Development and Reform Commission and the Ministry of Finance on October 31, the fourth and final batch of 69 billion CNY in national "trade-in" subsidies is being distributed nationwide. Applications close on December 31, 2025, at 24:00, following a first-come, first-served model with no extensions or replenishments.

**Funding Breakdown for 2025** - **Q1 (Jan–Mar)**: 81 billion CNY (fully disbursed). - **Q2 (Apr–Jun)**: 75 billion CNY (fully disbursed). - **Q3 (Jul–Sep)**: 75 billion CNY (fully disbursed). - **Q4 (Oct–Dec)**: 69 billion CNY (80% utilized as of now).

**Coverage & Subsidy Rates** The subsidies apply to 15 categories across four sectors (appliances, electronics, autos, home renovation), with discounts ranging from 10%–20%: - **Appliances (Tier-1 energy efficiency)**: 20% off, max 2,000 CNY/item (up to 3 AC units). - **Phones/Tablets**: 15% off, max 500 CNY (for items under 6,000 CNY). - **Cars**: Up to 20,000 CNY for EVs, 15,000 CNY for fuel vehicles. - **Home Renovation**: Up to 1,000 CNY for smart locks/lighting; 50% (max 10,000 CNY) for elderly-friendly upgrades.

**How to Apply** Consumers can claim subsidies via platforms like JD.com or Taobao: - **Appliances**: Search "家電900" or "家電688" on JD.com. - **Electronics**: Search "數碼900" or "手機900." - **General Vouchers**: Search "紅包900." *Note*: Subsidy eligibility expires in 24 hours; refunds invalidate the subsidy.

**Policy Shift in 2026: Central Subsidies End, Local Governments Take Over** After December 31, 2025, central subsidies will cease, transitioning to locally funded programs. Key implications: - No nationwide uniformity; regional policies will vary. - Some provinces (e.g., Shandong, Jiangsu) may halt applications by mid-December. - Certain regions (e.g., Shanghai, Anhui) use lotteries, while others (e.g., Hubei, Ningxia) release quotas periodically.

**Expert Predictions: Subsidies Likely to Continue in New Forms** Despite the central phaseout, analysts expect 2026 subsidies to persist with adjustments: - **Focus Areas**: Shift toward green/smart appliances (e.g., dishwashers, water purifiers). - **Funding Models**: Potential tax deductions or low-interest consumer loans. - **Localized Strategies**: Regions to tailor policies based on fiscal capacity.

**Action Plan for Consumers** 1. **Claim 2025 Subsidies Now**: The window closes December 31; some provinces may end earlier. 2. **Maximize Savings**: Combine subsidies with Double 11 promotions for triple discounts (up to 18,000 CNY/household). 3. **2026 Preparedness**: Monitor local policies and prioritize energy-efficient purchases.

**Conclusion** The 69 billion CNY fourth batch marks the final central subsidy for 2025, with 2026 likely bringing decentralized, region-specific programs. Consumers are advised to act before December 31 while staying informed about 2026’s evolving landscape.