确认了，“国补”不会结束！但有大调整

Core Viewpoint - The "National Subsidy" policy has significantly boosted consumption, benefiting over 360 million consumers and generating over 2.5 trillion yuan in consumption from January to November 2025 [1]. Group 1: Policy Impact - The "National Subsidy" has led to substantial exchanges, including over 11.2 million old cars, 12.844 million old home appliances, and 9.015 million digital products [1]. - The official deadline for the 2025 "National Subsidy" is set for the end of this month, with no extensions or additional budgets available once the funds are exhausted [1][2]. Group 2: Future Expectations - The "National Subsidy" policy is expected to continue into 2026, with potential adjustments to its core rules [3][6]. - The funding for the "National Subsidy" increased from 150 billion yuan in 2024 to 300 billion yuan in 2025, with expectations for a slight increase or maintenance of this scale in 2026 [8][9]. Group 3: Changes in Subsidy Categories - The 2025 policy expanded to include three new digital product categories and four new home appliance categories, indicating a shift towards more diverse consumer goods [13]. - Future policies may focus more on service consumption, targeting areas such as cultural tourism, sports, and health care, while also emphasizing green and smart products [13][14]. Group 4: Regulatory Adjustments - Due to issues like scalping and fraudulent transactions in 2025, the 2026 "National Subsidy" may implement stricter eligibility criteria and smarter regulatory measures to ensure funds reach genuine consumers [16].