The National Development and Reform Commission and the Ministry of Finance have issued a notice regarding the implementation of a large-scale equipment renewal and consumer goods replacement policy in 2026.

The policy supports the purchase of new digital and smart products. Individual consumers who purchase any of four product categories—mobile phones, tablets, smart watches/bands, and smart glasses—with a single-item selling price not exceeding 6,000 yuan, will receive a subsidy equivalent to 15% of the product's selling price.

Each consumer is eligible for a subsidy on one item per product category, with a maximum subsidy of 500 yuan per item.

The policy also supports subsidies for the purchase of new smart home products, including elderly-friendly home products. Specific subsidized categories and subsidy standards will be reasonably formulated by local governments based on actual conditions.