On April 10, it was learned from the National Development and Reform Commission that recently, in coordination with the Ministry of Finance, the Commission promptly allocated the second batch of 625 billion yuan in ultra-long-term special government bond funds to local governments this year. This move aims to support the continued smooth and orderly implementation of consumer trade-in policies.

To thoroughly implement the decisions and arrangements made by the Central Committee and the State Council regarding the optimization of the "Two New" policies, the National Development and Reform Commission, together with the Ministry of Finance and other departments, has optimized and refined the scope of support, subsidy standards, and implementation mechanisms for consumer trade-ins. The timely allocation of ultra-long-term special government bond funds is intended to ensure the sustained effectiveness of the trade-in policy.

Under the optimized policy framework, local governments are actively improving the design of consumer trade-in systems. They are developing balanced fund utilization plans by sector and implementing advance fund allocations in areas such as home appliances, digital products, and smart devices. This helps alleviate the financial pressure on sales enterprises from advance payments, resulting in a more stable overall pace for the trade-in initiative and a further enhancement of the stimulating effect of subsidy funds.

Since the beginning of this year, national consumer trade-in sales have exceeded 433.2 billion yuan, benefiting over 60.93 million people. This has 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.

It is reported that in the next phase, relevant authorities will continue to guide local governments in reasonably managing the pace of work, optimizing fund usage 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 subsidy claims and "price hikes before subsidies," aiming to continuously enhance the effectiveness of policy implementation.