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Recently, the Ministry of Commerce and 14 other departments jointly issued the "Action Plan to Promote the Trade-in of Consumer Products" (hereinafter referred to as the "Action Plan"). The "Action Plan" implements the "Notice of the State Council on Issuing the <Action Plan to Promote Large-scale Equipment Renewal and Trade-in of Consumer Products>" (Guo Fa〔2024〕7). We organized initiatives across the country to renew and upgrade automobiles, home appliances, home decoration, kitchen, and bathroom products.

The "Action Plan" proposes that by increasing policy guidance and support, we will strive to accelerate the elimination of passenger cars with emission standards of the National III and below by 2025, and further increase the market share of high-efficiency and energy-saving home appliances; the recycling of scrapped cars will increase by 50 compared with 2023. %, the recycling of used home appliances will increase by 15% compared with 2023; By 2027, the recycling of scrapped cars will double compared with 2023, the trading volume of used cars will increase by 45% compared with 2023, and the recycling of used household appliances will increase by 30% compared with 2023.

The Action Plan specifies the key tasks of consumption upgrading. First is to carry out automobile upgrading. Increase the support of fiscal and financial policies, with the joint efforts of the central government and local governments, arrange funds to support the scrapping and updating of automobiles, and encourage qualified areas to support the replacement and updating of automobiles. Highlight the standard traction in the automobile sector, improve the scrapping car recycling and dismantling system, promote the safe and convenient transaction of second-hand cars, cultivate and strengthen the operating entities of second-hand cars, and promote the innovative development of automobile circulation and consumption. Second is to promote the upgrading of home appliances. Give play to the guiding role of fiscal and taxation policies, encourage the introduction of pro-people measures, improve the recycling network of waste home appliances, increase the cultivation of diversified entities, strengthen the guidance and support of home appliance standards, promote the comprehensive improvement of after-sales service levels, and develop the circulation of second-hand goods. Third is to promote the "renewal" of home decoration, kitchen and bathroom. Increase the support for the people, improve the level of convenient services, cultivate new growth points for home furnishings, and optimize the home furnishing market environment.

Next, the Ministry of Commerce, together with various departments and local governments, will ensure the implementation of the document and policy implementation, strengthen organizational leadership, strengthen fund management and factor guarantee, coordinate the promotion of activities, increase the interpretation of policies, conduct good supervision and implementation, promote the replacement of old consumer goods with new ones, strive to expand domestic demand, and better meet the people's needs for a better life.

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