Recent discussions on social media have raised the question: "Has the national subsidy program ended?" In response, the National Development and Reform Commission and the Ministry of Finance jointly clarified on October 31 that the subsidy is still ongoing. The fourth and final batch of China’s 2025 "trade-in" consumer subsidy—totaling 69 billion CNY—is now being distributed nationwide. The application window will remain open until 24:00 on December 31, 2025, with no extensions or additional allocations once funds are exhausted.

**Key Highlights:** 1. **Four Rounds of 300 Billion CNY Subsidy in 2025** The government allocated 300 billion CNY in ultra-long-term special treasury bonds, distributed in four batches to support consumer trade-ins: - **First batch (Jan–Mar):** 81 billion CNY (fully disbursed) - **Second batch (Apr–Jun):** 75 billion CNY (fully disbursed) - **Third batch (Jul–Sep):** 75 billion CNY (fully disbursed) - **Fourth batch (Oct–Dec):** 69 billion CNY (ongoing, deadline: Dec 31)

This marks the final policy incentive for 2025, with no similar large-scale subsidies planned for 2026.

2. **Expanded Coverage: 15 Categories, Up to 20,000 CNY Savings per Person** The latest round includes broader eligibility and higher subsidies, adding eight new appliance categories such as robotic vacuums, dishwashers, and projectors to meet diverse upgrade needs.

3. **Application Process: No Barriers, Nationwide Access** Open to all mainland China residents with verified identities, the subsidy operates on a first-come, first-served basis via voucher claims, valid for 48 hours.

**Platform Entry (JD.com App):** - Appliances: Search "家電900" or "家電省900" - Electronics: Search "數碼900" or "手機900" - Automobiles: Scan QR codes at dealerships or use the "汽車以舊換新" mini-program - Home Renovation: Search "家裝補貼" or "裝修補貼"

*Tip: Save search history for quick access during peak voucher releases.*

4. **Double 11 Discounts: Stackable Savings** The subsidy can be combined with platform promotions, trade-in rebates, and local vouchers for maximum savings.

- **JD.com vouchers:** "紅包到手600" or "紅包到手688" (3x daily, up to 11,111 CNY) - **Taobao vouchers:** "紅包到手9090" (1x daily, up to 25,888 CNY)

5. **Critical Reminder: 60 Days Left, Limited Availability** The nationwide deadline is December 31, 2025. Some provinces (e.g., Jiangsu, Shandong, Guangdong) use time-limited quotas or lotteries. High-demand categories may require early-morning or evening voucher grabs.

6. **Final Opportunity** The Ministry of Finance confirmed no equivalent subsidies in 2026, making this the last chance for households upgrading appliances, electronics, vehicles, or renovations.

**Conclusion:** The 69 billion CNY subsidy is still available—don’t miss the final 60-day window! Act now by searching "家電900" or "數碼900" on the JD.com App to claim your benefits before the December 31 cutoff. No extensions or additional allocations will be made.