138 Billion Yuan National Subsidy Program Extended: Third Phase Continues Through December 31, 2025

Deep News
Aug 28

The national consumer subsidy program has launched its third phase worth 69 billion yuan, with official confirmation that the program will conclude on December 31, 2025. The subsidy covers major purchases including home appliances, mobile phones, and automobiles, with nationwide implementation underway amid concerns over limited funding availability.

**Key Application Methods and Entry Points:**

For home appliances and furniture subsidies: Search "家电省2000" in JD.com app for direct discounts up to 2,000 yuan. For mobile phones and digital products: Search "手机省500" or "数码省2000" in JD.com app for subsidies up to 2,000 yuan. Users must claim eligibility first due to limited quotas.

For comprehensive red packet benefits: Search "红包2000" in JD.com mobile app to receive daily red packets up to 1,888 yuan.

**Critical Timeline and Availability:**

The program runs until December 31 next year, approximately 130 days remaining from current date. However, several regions are experiencing quota depletion, with Xinjiang requiring completion by end of August or forfeit unused allocations. Popular categories like mobile phones and air conditioners are expected to exhaust quotas by late October, with morning 10 AM application windows seeing 30-second sellouts for high-demand vouchers.

**Application Process:**

Home appliance subsidies require searching "家电省2000" for maximum 2,000 yuan reduction. Mobile and digital products use "手机省500" or "数码省2000" for up to 500 yuan discounts. The "红包2000" entry provides daily red packets up to 1,888 yuan, valid through August 31.

Essential requirements include identity verification, old device serial numbers, and pre-registration preparation. Vehicle purchases require prior registration of old vehicle information through designated mini-programs with approval confirmation before subsidy eligibility.

Payment must use UnionPay QuickPass or JD.com payment systems with matching applicant names. Application results are provided within three days, with approved amounts directly deposited to accounts.

**Regional Variations:**

Guangdong offers additional 3,000 yuan supplements for new energy vehicles. Shanghai and Jiangsu provide complementary local subsidies that can be combined with national programs. Home improvement appliances maintain availability through year-end, while mobile phone category quotas are rapidly depleting.

Case example: A Guangzhou consumer purchasing a first-tier energy efficiency air conditioner received 20% national subsidy plus local supplements and merchant promotions, paying approximately 70% of original price.

**National Implementation Status:**

Economically developed regions including Guangdong and Jiangsu have commenced programs, while Anhui and Henan implementation begins in early September. Regional requirements vary significantly, with Zhejiang offering 30% subsidies for age-friendly products and Shandong providing additional learning device incentives.

**Critical Deadlines:**

Automotive categories require invoice completion by December 31 next year with material submission by January 10. Home appliances and furniture maintain year-end deadlines, though popular categories may experience early inventory depletion.

**Application Details and Limitations:**

Subsidy vouchers maintain 48-hour validity after acquisition without extension options. Formal appliance recycling certificates are mandatory, with unofficial documentation rejected. Each identity document permits single application with strategic family allocation recommended.

**Expanded Product Categories:**

New subsidy categories include smart desk lamps and learning furniture for back-to-school purchases with 20% maximum subsidies. Guangdong includes outdoor sports equipment with 10% discounts. Age-friendly products receive highest subsidies, with items like anti-slip shower chairs available at near 50% discounts.

**Automotive Subsidies:**

New energy vehicle trade-ins offer maximum 20,000 yuan subsidies, with conventional vehicles receiving 15,000 yuan through designated platforms. Including local and manufacturer incentives, 150,000 yuan vehicles can achieve actual costs around 110,000 yuan, subject to dealer participation in stacking programs.

**Common Issues and Solutions:**

System incompatibility occurs when vouchers are claimed without timely order placement within specified windows. Third-party payment tools face rejection, requiring designated payment methods. Pre-configuration of UnionPay QuickPass and JD.com payment with linked bank cards prevents processing delays.

**Current Market Dynamics:**

Daily voucher acquisition has become highly competitive, with 10 AM sessions exceeding Double Eleven intensity. National subsidy pools are rapidly depleting, particularly in coastal provinces where monthly quota exhaustion is anticipated.

The program represents a one-time policy implementation with extended waiting periods expected for future iterations. Even without immediate purchase plans, securing access commands is recommended as quota availability continues declining.

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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