两新补贴落地——政策周观察第62期

Core Viewpoint - The article discusses the recent implementation of the "Two New" subsidy policies aimed at boosting consumption and investment, highlighting changes in subsidy amounts and categories for various consumer goods and infrastructure projects [2][9]. Consumption Subsidies - The National Development and Reform Commission (NDRC) and the Ministry of Finance have allocated 62.5 billion yuan for the first batch of subsidies for consumer goods recycling in 2026, with a total of 81 billion yuan planned for the year [2]. - The subsidy for home appliances has been refined to focus on six categories: refrigerators, washing machines, televisions, air conditioners, computers, and water heaters, with a subsidy of 15% of the product price and a cap of 1,500 yuan per item [2]. - The scope of digital product subsidies has been expanded to include smartphones, tablets, smartwatches, smart glasses, and smart home products, including those designed for elderly care [2]. Automotive Subsidies - The subsidy structure for automobiles has shifted from fixed amounts to percentage-based reimbursements. For new energy vehicles, a subsidy of 12% of the sales price is provided, with a maximum of 20,000 yuan, while for fuel vehicles, it is 10% with a cap of 15,000 yuan [3]. - The subsidy for vehicle replacement has also been adjusted, with new energy vehicles receiving 8% of the sales price (up to 15,000 yuan) and fuel vehicles receiving 6% (up to 13,000 yuan) [3]. Investment Initiatives - The NDRC has announced an early release of the "Two Heavy" construction project list and central budget investment plans totaling approximately 295 billion yuan, aimed at accelerating the disbursement and utilization of funds [3][11]. - Major infrastructure projects have been approved, with total investments exceeding 400 billion yuan, including transportation, water resource allocation, and energy facilities [3][11].