How to do the "update" and "replace" operations

■China Economic Times reporter Guo Jinhui

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The State Council recently issued the "Action Plan to Promote Large-scale Equipment Renewal and Exchange of Old Consumer Goods for New Products", which aroused heated discussion in the market. Companies are looking for opportunities from the upcoming market space with an annual scale of trillions of yuan. Experts believe that relevant deployments can effectively coordinate investment and consumption, which will benefit both the present and the long-term, benefiting both enterprises and the people.

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·Benefit both the present and the long-term

Data shows that in 2023, China's equipment investment in key areas such as industry and agriculture will be approximately 4.9 trillion yuan. By the end of 2023, the number of civilian vehicles in China will reach 336 million, and the number of home appliances such as refrigerators, washing machines, and air conditioners will exceed 3 billion.

When answering a reporter's question, the relevant person in charge of the National Development and Reform Commission said that with the deepening of high-quality development, the demand for equipment updates will continue to expand, and it will be a huge market with an annual scale of more than 5 trillion yuan. At the same time, the replacement of automobiles and home appliances can also create a market space of one trillion yuan.

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