In accordance with the decisions and arrangements made by the Central Committee of the Communist Party of China and the State Council to optimize the implementation of the "Two New" policies, the National Development and Reform Commission, in collaboration with the Ministry of Finance and other departments, has optimized and improved the scope of support, subsidy standards, and implementation mechanisms for the consumer goods trade-in program. Ultra-long-term special treasury bond funds have been promptly allocated to local governments to ensure the continued effectiveness of the trade-in policy.

Under the optimized policy framework, regional authorities have actively improved the design of the trade-in system, formulating balanced fund utilization plans across different sectors. Pre-allocation of funds has been implemented in areas such as home appliances, digital products, and smart devices to alleviate the financial pressure on sales enterprises. As a result, the implementation of the trade-in program has become more stable overall, with the stimulating effect of subsidy funds further enhanced.

Since the beginning of this year, national sales revenue from the consumer goods trade-in program has exceeded 433.2 billion yuan, benefiting over 60.93 million people. The program contributed to a 2.8% year-on-year increase in total retail sales of consumer goods from January to February, accelerating by 1.9 percentage points compared to December of the previous year.

Recently, the National Development and Reform Commission, together with the Ministry of Finance, allocated the second batch of ultra-long-term special treasury bond funds for this year, totaling 62.5 billion yuan, to local governments. This allocation aims to support the continued smooth and orderly implementation of the consumer goods trade-in policy.

Moving forward, relevant departments will continue to guide local governments in reasonably managing the pace of work, optimizing fund utilization plans, strengthening fund supervision, standardizing subsidy applications and fund reviews, and improving the efficiency of subsidy disbursement. Special campaigns will be conducted to address issues such as fraudulent claims, subsidy abuse, and price increases followed by subsidies, with the goal of continuously enhancing the effectiveness of policy implementation.