CCTV News: According to the National Development and Reform Commission, in order to implement the decisions and arrangements of the CPC Central Committee and the State Council on increasing efforts to expand the scope and implementing the "two new" policies, on January 6, 2025, the National Development and Reform Commission and the Ministry of Finance immediately issued the first batch of ultra-long-term special treasury bond funds to local governments, supporting local governments to make good connections and funding connections in New Year's Eve policy, and promoting the expansion of consumer goods with old trade and new investment to achieve remarkable results. As of 24:00 on April 27, 2.814 million cars were traded for new cars nationwide, 49.416 million home appliances were traded for new 12 types, 37.855 million new pieces of mobile phones and other digital products were purchased, 40.906 million home decoration, kitchen and bathroom "renewed", and more than 4.2 million electric bicycles were traded for new cars, driving sales of related consumer goods of about 720 billion yuan, supporting the total retail sales of social consumer goods in the first quarter to increase by 4.6% year-on-year.
Since this year, the demand for old-for-new consumer goods market in the country has been very strong, and the proportion of the first batch of subsidy funds used in most regions has reached a relatively high level. Recently, the National Development and Reform Commission has issued a notice, in conjunction with the Ministry of Finance, timely issuing the second batch of ultra-long-term special treasury bond funds this year to local governments, and continue to vigorously support consumer goods for old exchange. In the next step, the National Development and Reform Commission will give full play to the role of the inter-ministerial coordination mechanism of the "two new" periods, strengthen overall promotion and tracking, urge relevant departments in all localities to accelerate the review and redemption of allocated funds, effectively reduce the pressure on enterprises to advance funds, ensure that real money and silver discounts directly reach consumers, and promote the policy of ex-new consumer goods to achieve greater results.
