The fourth batch of 62.5 billion yuan in ultra-long special government bonds to support trade-ins of consumer goods was recently issued, according to the National Development and Reform Commission, meaning that the full 250 billion yuan for consumer goods trade-ins this year has now been allocated, continuously stimulating consumer vitality while benefiting people's livelihoods.

Data shows that from January to August this year, sales of goods related to trade-ins reached 1.55 trillion yuan, with subsidies benefiting 208 million person-times.

Among them, 5.353 million vehicles were traded in, 91.458 million units across six categories of home appliances including refrigerators and washing machines were traded in, and 108 million digital and smart products were newly purchased.

Driven by the consumer goods trade-in policy, retail sales of communication equipment, high energy-efficiency home appliances, and wearable smart devices have maintained rapid growth, and the share of new energy passenger vehicles in new passenger vehicle retail sales has exceeded 60% for five consecutive months.