Sou Hu Cai Jing·2025-06-24 14:44Core Viewpoint - The national subsidy policy is temporarily paused but not ended, with a planned restart in July for the second phase of funding, maintaining a unified deadline of December 31, 2025 for the subsidy program [1][5]. Group 1: Subsidy Program Details - The national subsidy program has consumed over 50% of its 300 billion yuan funding pool by the end of May, leading to a temporary pause in several regions due to rapid depletion of funds [4]. - The Ministry of Finance has allocated 810 billion yuan for the next phase, with a total of 1380 billion yuan to be injected in the third and fourth quarters [5]. - Specific regions like Jiangsu and Guangdong have implemented measures such as daily limits and offline queuing to manage the subsidy distribution effectively [6]. Group 2: Consumer Guidance - Consumers are advised to act quickly as the remaining subsidy funds are limited, with predictions indicating that high-value items like air conditioners and electric vehicles will be in high demand once the program restarts [10]. - The subsidy for home appliances can reach up to 2000 yuan, while digital products can receive up to 500 yuan, depending on the final sales price [9][10]. - To access the subsidies, consumers should search specific terms on the JD app, such as "家电省2000" for home appliances and "手机省500" for digital products [13]. Group 3: Market Impact - The temporary pause aims to prevent market chaos and protect merchant profits, as previous subsidy combinations led to significant price drops in certain categories, with discounts exceeding 30% [6]. - The program's structure includes various categories, with energy-efficient products receiving higher subsidies, thus encouraging consumers to purchase more efficient appliances [9].