Core Insights - The Chinese government has allocated 300 billion yuan for a long-term special bond to support the consumption of old-for-new products, with 162 billion yuan already distributed to local governments, and the remaining funds will be distributed in an orderly manner [1][2] - The new round of subsidies for consumer products has a remaining scale of 138 billion yuan, with the policy for household appliances set to end on December 31, 2025 [2] Group 1: Policy Implementation - Many regions have paused or adjusted the old-for-new subsidy programs, with reports of suspensions in Jiangsu, Hubei, and Chongqing due to system upgrades and funding exhaustion [3][4] - Local governments are responsible for managing the subsidy funds, ensuring timely distribution and safety, with specific limitations on the time and amount of subsidies available in various regions [4][5] Group 2: Market Impact - The suspension of subsidies in various regions is linked to rapid fund utilization and adjustments to local policies, with some areas expanding the scope of eligible products [5][6] - The old-for-new policy has significantly driven sales, with 1.1 trillion yuan in sales generated across five major categories by May 31, 2023, and approximately 175 million subsidies issued to consumers [7]
多地国补纷纷暂停之后，国家主管部门重磅表态，还有1380亿元资金补贴， 剩余资金将有序下达！
Sou Hu Cai Jing·2025-06-18 07:23