New Round of National Subsidies Launched: Latest Announcement on October 17 - 690 Billion Yuan for the Fourth Batch Continues through December 31, 2025

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As of October 17, 2025, the latest updates on national subsidies confirm that the Ministry of Finance and the Ministry of Commerce have jointly announced the final sprint phase for the annual 300 billion yuan national consumption subsidy plan. With the full allocation of 69 billion yuan from the central government's fiscal budget to the provinces by mid-October, this nationwide "trade-in" policy has officially pressed the "restart" button, clearly stating that it will conclude at 24:00 on December 31, 2025, with no extensions or supplementary distributions. For consumers planning to purchase home appliances, digital products, cars, or home renovation goods around the "Double Eleven" shopping festival, this is the last chance to benefit from national-level subsidies.

Highlights! Double Eleven Red Packets Arrive: Adding National Subsidies for Greater Discounts This year's JD.com Double Eleven red envelope giveaway: Search “红包到手688” on JD during mobile, with daily chances to win red packets worth up to 11,111 yuan, ongoing until November 14! Taobao's latest red packet command for Double Eleven is “红包到手9090” - remember it! On JD APP, search for “红包到手9090” (up to three times daily) starting October 15 until November 11! The maximum red packet value is 25,888 yuan, and there’s an additional chance to claim it every night at 8 PM!

Check the latest participation methods for national subsidies: - For household appliances and furniture, the entry for claiming subsidies is: Search “家电省900” on JD APP, with a maximum deduction of 2,000 yuan. - For mobile and digital products, the entry for claiming subsidies on JD APP is: Search “数码900” or “手机900” with a maximum subsidy of 500 yuan. Tip: First, search the above command on the app, and after that, you can easily access it daily from your search history!

1. Policy Timeline: Final Batch of Monthly Distributions Current State of Central Government Funding: - First batch: January to March – 81 billion yuan - 100% utilized - Second batch: April to June – 81 billion yuan - 100% utilized - Third batch: July to September – 69 billion yuan - emergency in mid-September - Fourth batch: October to December – 69 billion yuan - currently being distributed on a first-come, first-served basis Overall 300 billion yuan plan, only 69 billion yuan left. Officially marked as “final closing subsidy,” there will be no equivalent scale of central subsidies arranged starting 2026, with the next round of large-scale “trade-in” initiatives not expected for at least two years.

2. Subsidy Scope and Strength: Green Smart Upgrades with Up to 2,000 Yuan Off This round of national subsidies continues the "trade-in + energy efficiency subsidy" dual channel plan, with equal rights for online and offline purchases, real-name registration, unclaimed quotas will void automatically after 48 hours to prevent scalping. - Home appliances and furniture: Energy-efficient products like air conditioners, refrigerators, washing machines, dishwashers, and water heaters, with single-unit maximum subsidies of 2,000 yuan. - Mobile and digital products: Models priced under 6,000 yuan can receive subsidies of up to 500 yuan; some require old device recycling. - Cars: Trade-in for new energy vehicles or those with fuel engine capacities below 2.0L, with single-vehicle subsidies ranging from 7,000 to 10,000 yuan. - Home Renovation: Energy-saving lamps, smart toilets, cabinet renewals, etc., with subsidies of 15% based on selling price, capped at 2,000 yuan per item.

3. How to Secure Discounts: Three Steps to Avoid Missing Out Step 1: Do Your Homework in Advance; add target items on JD, Tmall, Suning.com, etc., and compare the price differences between “original price - subsidy price,” while also checking platform exclusive coupons for additional savings. Step 2: Set Alarms to Grab Quotas; most provinces release quotas in four time slots each day (0:00, 9:00, 10:00, 20:00). After initially searching for the corresponding command on JD APP, save it in “search history” for quick access later to double the success rate. Step 3: Keep Your Proof for Fast Approval; for online trade-ins: upload the old device's SN code; for offline scrapping, keep the “Old Device Recycling Certificate” issued by the recycling agency. Missing materials will result in audit failures, so prepare in advance.

4. Platform Access (JD APP Tested and Validated) Category Search Command | Subsidy Strength - Home Appliances and Furniture: 家电900 | Maximum 2,000 yuan off - Mobile and Digital Products: 数码900 or 手机900 | Maximum 500 yuan subsidy - All Categories Red Packet: 红包900 | One daily claim with a maximum of 1,888 yuan, stackable with national subsidies

Note: Commands may adjust dynamically based on inventory; if the page shows “quota filled,” please refresh promptly or switch to another time slot.

5. Consumer Tips: Popular Categories Go Quickly It is recommended to complete orders before the end of November as quotas are limited and distributed on a first-come, first-served basis. Notably, provinces like Shandong, Henan, and Guangdong, which are major consumption areas, have historically exhausted their quotas a month prior to policy expiration. Combining with Double Eleven discounts means even better deals: this year, platform promotions began earlier, enabling national subsidies to be stacked with platform red packets, store coupons, and bank discounts. For instance, a top-tier energy-efficient refrigerator priced at 6,999 yuan can be obtained for only 4,800 yuan after all deductions. Closing on December 31: As previously stated during the September 30 announcement, regardless of remaining quotas, the system will uniformly close at 24:00 on December 31, with no alternate claim avenues available.

6. Conclusion: Seize the Last Opportunity to Save Money and Stress National subsidies represent genuine consumption incentives rather than mere marketing gimmicks. For those planning renovations, replacing old air conditioners for parents, or upgrading digital gear for themselves, acting now is undeniably more cost-effective than waiting for “Double Twelve” or next year. Once missed, the next round of equivalent subsidies will not be available for at least two years. Open the JD APP, search for the command to qualify, compare prices, and order to ensure the most reliable “bottom-hunting” approach for this year's “Double Eleven.”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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