定调！明年继续“国补”！

Group 1 - The central economic work conference held in Beijing from December 10 to 11 outlined the economic work for 2026, emphasizing the need to optimize the implementation of the "two new" policies, which include large-scale equipment updates and the consumer goods trade-in policy known as "national subsidies" [1] - In 2024, China will issue 150 billion yuan of ultra-long-term special government bonds for the consumer goods trade-in program, referred to as "national subsidies," with the amount increasing to 300 billion yuan in 2025, doubling the allocation from 2024 [1] - The "national subsidies" policy will be further optimized in 2025, expanding the categories to include new digital products such as smartphones, tablets, smartwatches, and home appliances like microwaves, water purifiers, dishwashers, and rice cookers [1] Group 2 - From January to November this year, the consumer goods trade-in program generated over 2.5 trillion yuan in sales, benefiting more than 360 million people, with significant contributions from the automotive sector, home appliances, and digital products [2] - Experts interviewed indicated that the "national subsidies" amount for 2026 may see a moderate increase from 2025 and will continue to optimize funding allocation to enhance service consumption, thereby further stimulating economic growth and facilitating industrial transformation [2]