Sou Hu Cai Jing·2025-07-02 07:57Core Insights - The article discusses the recent clarification from the National Development and Reform Commission (NDRC) and the Ministry of Finance regarding the continuation of the national subsidy program, which has been extended with an additional 138 billion yuan to stimulate consumer spending [1][3]. Group 1: Subsidy Program Details - The initial 300 billion yuan subsidy fund was quickly consumed, with over 150 billion yuan used by the end of May 2025, prompting urgent funding adjustments [3]. - The new round of subsidies will be distributed in two batches of 138 billion yuan, scheduled for July and October 2025 [3][4]. - The subsidy program will prioritize high-efficiency appliances and electronics, with specific incentives for energy-efficient products and a variety of new categories added [4]. Group 2: Consumer Guidance - Consumers are advised to act quickly to secure subsidies, especially for high-demand items like air conditioners and electric vehicles, as funds are expected to deplete rapidly [6]. - The article provides specific instructions for accessing subsidies through the JD app, emphasizing the importance of early action due to limited availability [1][6]. - It highlights potential pitfalls for consumers, such as invalid invoices and the risk of price inflation, urging careful verification of purchase conditions [6]. Group 3: Market Impact and Future Outlook - The article suggests that the subsidy program is crucial for maintaining market stability and consumer confidence, especially in light of recent price drops exceeding 40% for certain products [3][4]. - The ongoing subsidy program is set to conclude by December 31, 2025, marking the end of this consumer support initiative [8]. - The urgency for consumers to participate in the subsidy program is emphasized, as the remaining funds are expected to be exhausted before the official end date [8].