Core Viewpoint - The article discusses the new developments in China's "National Subsidy" policy for consumer goods, emphasizing the continuation and optimization of the subsidy program in 2026 to boost consumption [3][4]. Group 1: Policy Continuation and Adjustments - The "National Subsidy" policy will continue in 2026, with adjustments to the scope and standards of subsidies [4]. - Since the implementation of the "National Subsidy" policy in 2024, the range of eligible products has been continuously optimized, expanding from 8 categories in 2024 to include additional products in 2025 [5]. - The subsidy standards for certain consumer goods have been adjusted, such as increasing the subsidy for scrapping and updating cars from 10,000 yuan to 20,000 yuan for eligible new energy vehicles [5]. Group 2: Funding and Financial Support - The funding for the "National Subsidy" primarily comes from the issuance of ultra-long-term special government bonds, with the amount increasing from 150 billion yuan in 2024 to 300 billion yuan in 2025 [5]. - The Ministry of Finance has confirmed that it will continue to issue ultra-long-term special government bonds in 2026 to support the "National Subsidy" [5]. Group 3: Recommendations for Future Implementation - Experts suggest that the effectiveness of the "National Subsidy" has declined due to previous demand being pulled forward and recommend shifting the focus from product subsidies to service consumption [6][7]. - There is a call for the inclusion of cash subsidies, digital currency, and support for childcare and employment in future subsidy programs [6].
明年“国补”范围和标准将调整
第一财经·2025-12-28 11:48