In order to move forward with the plan of the Party Central Committee and the State Council to promote a large-scale equipment update and the trade-in of old consumer goods for new ones, the Ministry of Commerce has released an "Action Plan for Promoting the Trade-In of Old Consumer Goods for New Ones", and has organized a series of regional station activities for the "Nationwide Trade-In of Old Consumer Goods for New Ones". On April 13, the "Nationwide Trade-In of Old Consumer Goods for New Ones – Hainan Station and Hainan International Consumption Season Launch Ceremony" was held in Haikou. Sheng Qiuping, vice-minister of the Ministry of Commerce, and Chen Huaiyu, vice-governor of Hainan Province, attended the event and delivered speeches.

Sheng Qiuping pointed out that the Party Central Committee and the State Council attach great importance to consumption promotion and continuously deploy and promote the exchange of old consumer goods for new ones to stimulate potential consumption. The Ministry of Commerce resolutely implements it, adheres to the two-wheel drive of "policies + activities", focuses on promoting the replacement of old consumer goods with new ones, and carries out a series of activities of "Consumption Promotion Year", takes multiple measures to stabilize and expand consumption, and consolidates and enhances the positive trend of economic recovery. In terms of policy, the "Action Plan to Promote the Exchange of Old Consumer Goods for New" was issued together with 13 departments including the National Development and Reform Commission and the Ministry of Finance. In terms of activities, we promote the formation of a consumption boom of "enjoying the benefits of all the people throughout the year" through "themes for seasons, activities for months, and scenes for weeks".

Chen Huaiyu said Hainan Province should follow the CPC Central Committee and State Council's decisions and plans, center around the year of "consumption stimulation," implement policies and measures to encourage changing old goods for new ones, keep rolling out consumption promotion activities for changing old goods for new ones, duty-free shopping upon leaving the islands, catering and tourism, health care and sports, push for cross-sector integration of commerce, tourism, culture, sports and health, actively expand traditional consumption, and foster new consumption growth points.

Xu Xingfeng, Director of the Department of Consumption Promotion at the Ministry of Commerce, interpreted the "Action Plan for Promoting the Trade-in of Used Consumer Goods" at the launch ceremony, while Wang Pengfei, Deputy Director of the E-commerce Department, released the interpretation of the action plan for promoting digital consumption.

Officials from the relevant divisions of the Ministry of Commerce, the Department of Commerce and Department of Tourism, Culture, Radio, Television and Sports of Hainan Province, the China Automobile Circulation Association, and representatives from automobile production and circulation enterprises attended the activity, totaling about 150 people.