Recent doubts about whether the national subsidy program has ended have been circulating on social media. The latest update on November 24 confirms that the national "trade-in" subsidy policy for consumer goods has not been canceled, with the fourth batch of subsidies totaling 69 billion yuan currently being distributed nationwide. According to documents from the National Development and Reform Commission and the Ministry of Finance, this is the final round of subsidies for conventional categories in 2025, with the application channel remaining open until 24:00 on December 31, 2025. After this deadline, no further applications will be accepted.

Key Points First! Latest Participation Method: - For home appliances and furniture subsidies, search "家电900" on the JD.com app to receive discounts of up to 2,000 yuan. - For mobile phones and digital products, search "数码900" or "手机900" on the JD.com app for subsidies of up to 500 yuan. - For JD.com platform-wide red packets, search "红包900" on the JD.com app. Pro tip: After searching these keywords once, simply click on your search history for quick access later.

1. Policy Core: 300 Billion Yuan in Four Batches, Final Countdown In 2025, the government allocated a total of 300 billion yuan in ultra-long-term special treasury bonds, distributed in four batches to stimulate consumption: - First batch (Jan–Mar): 81 billion yuan—fully utilized - Second batch (Apr–Jun): 75 billion yuan—fully utilized - Third batch (Jul–Sep): 75 billion yuan—fully utilized - Fourth batch (Oct–Dec): 69 billion yuan—resumed on November 1, currently being disbursed

Notably, starting in 2026, this policy will be fully phased out, with subsidies for conventional categories such as home appliances, digital products, and automobiles no longer uniformly implemented at the central level but instead managed by local governments. Missing this round means waiting at least another year, with no guarantee of similar opportunities in the future.

2. Claim Guide: Three Steps to Secure Subsidy Eligibility According to the latest process, consumers can quickly apply for subsidies via major e-commerce platforms:

**JD.com App Search Keywords (Note: Keywords may be updated; try the latest versions first):** - Home appliances & furniture: Search "家电900" or "家电688" for discounts up to 2,000 yuan. - Mobile phones & digital products: Search "手机900" or "数码688" for subsidies up to 500 yuan. - Peripheral devices: Search "外设900" for exclusive coupons.

**Pro Tip:** After the initial search, simply click your search history for quick access without re-entering keywords.

**Stacking Discounts:** National subsidies can be combined with platform promotions for additional savings.

3. Subsidy Scale and Coverage This round follows a "categorized subsidy, capped amount" principle, covering 15 categories across four sectors: home appliances, digital products, automobiles, and home improvement.

**Key Subsidy Highlights:** - **Major Appliances (e.g., air conditioners, refrigerators, washing machines):** 15%–20% discount, capped at 2,000 yuan per item. - **Mobile Phones & Digital Products:** 10% discount, capped at 500 yuan per item. - **Automobile Trade-In:** Up to 20,000 yuan for new energy vehicles. - **Home Improvement (e.g., smart locks, mattresses, lighting):** 15% discount, capped at 2,000 yuan per item.

Subsidies are issued as "qualification vouchers," directly deducted at checkout, and can be stacked with merchant coupons, platform red packets, and promotions like Double 11 discounts for maximum savings.

4. ⚠️ Critical Reminder: Only 30–40 Days Left Although the national deadline is December 31, the actual window is much tighter: - **Fast Depletion:** Over 80% of funds have been used, with daily consumption at ~2.3 billion yuan. At this rate, subsidies may run out by mid-December. - **Early Closures in Some Regions:** - Red-alert provinces (e.g., Henan, Shandong, Jiangsu, Guangdong) may stop issuing new subsidies around December 15. - Xinjiang and Pingxiang, Jiangxi, have already halted applications with no plans to resume. - Hubei and Ningxia have shifted to time-limited quota releases. - **Instant Sell-Outs:** Subsidy slots for popular items like air conditioners and smartphones are being snapped up in seconds, with scalpers using scripts to hoard quotas in 0.3 seconds.

5. Action Plan: Claim Now, Don’t Delay - **Act Today:** November 15–December 15 is the golden period; missing it may mean missing out entirely. - **Claim First, Use Later:** Vouchers have validity periods—secure eligibility as soon as you decide to purchase. - **Watch for Restocks:** Some provinces re-release unused quotas daily; check during fixed times. - **Regional Differences:** Shanghai and Anhui use a lottery system with low odds—understand local rules beforehand.

6. Final Call: Catch the Last Opportunity November–December 2025 is the final chance to benefit from this long-standing national subsidy program. Starting in 2026, it will officially end. For consumers planning to buy appliances, upgrade devices, or renovate, these 60 days are the last golden window.

**Key Action Steps:** Open the JD.com app now and search "家电900" and "手机900" to lock in subsidies, plus "红包到手688" for extra discounts. Remember—first come, first served; no extensions! Time is running out—act now or wait another year!