“两新”政策：累计带动销额超3万亿，惠及4.3亿人次

Core Insights - The "Two New" initiative, which refers to large-scale equipment upgrades and the replacement of old consumer goods, is driving significant investment growth and increased consumption in related sectors [1] Investment Growth - In the first half of this year, investments in the consumer goods manufacturing industry closely related to the "Two New" initiative have seen rapid growth [1] - As of July 25, the implementation of the old-for-new policy has led to a cumulative sales figure exceeding 3 trillion yuan, benefiting over 430 million people [1] Consumer Trends - There is a new trend in the replacement of old household appliances, with larger appliances becoming increasingly favored by consumers [1]