中央定调明年继续“国补”
第一财经·2025-12-11 10:36

Core Viewpoint - The article discusses the outcomes of the Central Economic Work Conference held on December 10-11, which outlines China's economic work for 2026, emphasizing the continuation and optimization of the "two new" policies aimed at boosting domestic consumption and market strength [3]. Group 1: Policy Implementation - The "two new" policies refer to large-scale equipment updates and the consumer goods trade-in program, which is particularly relevant to the public as it is known as the "national subsidy" [3]. - The conference confirmed that the "national subsidy" policy will continue in 2026, with specific optimizations to be made [3]. - In 2024, China issued 150 billion yuan in long-term special bonds for the consumer goods trade-in program, which will increase to 300 billion yuan in 2025, doubling the subsidy amount from 2024 [3]. Group 2: Impact on Consumption - From January to November this year, the consumer goods trade-in program has driven sales exceeding 2.5 trillion yuan, benefiting over 360 million people [4]. - The program included the trade-in of over 11.2 million vehicles, more than 12.8 million home appliances, and over 9 million digital products [4]. - Experts suggest that the subsidy amount for 2026 may see a moderate increase from 2025, with a focus on optimizing funding allocation to enhance service consumption and further stimulate economic growth [5].