多地停止申领！只因“国补”资金用完了，别急....

Core Viewpoint - The recent suspension of national subsidies for old-for-new appliance exchanges has sparked significant discussion, primarily due to the depletion of funds in various regions, leading to concerns about the future of these subsidy programs [1][10][12]. Summary by Sections Suspension of Subsidies - Several regions, including Chongqing, have announced the suspension of old-for-new appliance subsidies due to the exhaustion of available funds, with Chongqing being the first to completely deplete its budget as of June 4 [1][9]. - Other areas, such as Gansu and Jiangsu, have also halted their subsidy programs, indicating a broader trend of funding shortages across the country [9][10]. Reasons for Suspension - The suspension in Jiangsu was attributed not only to fund depletion but also to significant market imbalances and fraudulent activities by some merchants exploiting the subsidy system [6][7]. - Issues such as online platforms undercutting brick-and-mortar stores have led to customer loss for physical retailers, resulting in some businesses closing and contributing to local unemployment [7][8]. Future of Subsidies - Despite the current suspensions, local authorities in regions like Chongqing and Jiangsu have indicated that new rounds of subsidies are being planned, with expectations for re-launching the programs soon [12][13]. - The Chongqing Commerce Commission is drafting a second phase of the subsidy policy, expected to be released in early June, which will continue to support consumer upgrades to green and smart appliances [13][14]. Impact of Subsidies - The national subsidy policy has significantly stimulated consumer demand, as evidenced by a 21.5% year-on-year increase in the tablet market in Q1 2025, attributed to these subsidies [15]. - The core objectives of the subsidy program include promoting consumption upgrades, facilitating industrial transformation, and improving living standards, which require ongoing policy support for maximum effectiveness [15].