China Advances Boosting 2026 Consumer Goods Trade-In
This funding — the first installment for the 2026 program — was introduced by the National Development and Reform Commission (NDRC) along with the Ministry of Finance.
The measure is intended to maintain policy consistency and address rising consumer demand during the forthcoming New Year and Spring Festival celebrations.
The NDRC highlighted that local governments will be guided to utilize these resources effectively and carry out the trade-in scheme in a more structured and efficient manner.
On the same day, the NDRC and the finance ministry released a joint statement outlining detailed strategies and actions for the execution of large-scale equipment upgrades and consumer goods trade-in projects scheduled for 2026.
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