12月30日，国家发展改革委、财政部印发的《关于2026年实施大规模设备更新和消费品以旧换新政策的 通知》正式发布，明确2026年"两新"政策的支持范围、补贴标准和工作要求。 针对家电品类，个人消费者购买冰箱、洗衣机、电视、空调、电脑、热水器等6类家电中1级能效或水效 标准的产品，按产品销售价格的15%给予补贴，每位消费者每类产品可补贴1件，每件补贴不超过1500 元；针对数码和智能品类，个人消费者购买手机、平板、智能手表手环、智能眼镜等4类产品（单件销 售价格不超过6000元），按产品销售价格的15%给予补贴，每位消费者每类产品可补贴1件，每件补贴 不超过500元。 此外，京东MALL、京东电器城市旗舰店、京东之家、京东家电专卖店等线下渠道等同步展开国补承 接。1月1日起，消费者可直接前往就近京东门店，咨询国补导购进行国补核销与下单。 在提升国补体验方面，京东可额外为消费者提供家电品类的旧机回收补贴，"送、装、拆、收"一体化服 务，以及"三免四不限"服务（即旧机免费上门、免费拆卸、免费搬运；不限旧机购买渠道、不限品牌、 不限年限、不限品相）。此外，京东可为3C数码品类送货上门的同时，完成现场签收、现场激活， ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - Gold: Inflation is moderately declining [2]. - Silver: Undergoing high - level adjustment [2]. - Copper: The strengthening of LME spot prices supports the price [2]. - Zinc: Showing a tendency of oscillating upward [2]. - Lead: Inventory increase is pressuring the price [2]. - Tin: Supply is facing new disturbances [2]. - Aluminum: Exhibiting a strong - side oscillation [2]. - Alumina: Continuing to bottom - out [2]. - Cast aluminum alloy: Following the trend of electrolytic aluminum [2]. - Nickel: There is a game between capital and industrial forces, and attention should be paid to the emergence of structural opportunities [2]. - Stainless steel: The fundamentals restrict its elasticity, but attention should be paid to the policy risks in Indonesia [2]. Summary of Each Section 1. Gold and Silver Fundamental Data - **Price**: Shanghai Gold 2602 closed at 984.84 with a daily decline of 2.22%; Comex Gold 2602 closed at 4352.30 with a daily increase of 0.05%. Shanghai Silver 2602 closed at 18140 with a daily decline of 0.35%; Comex Silver 2602 closed at 76.015 with a daily increase of 6.11% [4]. - **Volume and Open Interest**: The trading volume of Shanghai Gold 2602 was 391,541, an increase of 46,319 from the previous day, and the open interest was 144,462, a decrease of 21,562. The trading volume of Shanghai Silver 2602 was 1,127,485, a decrease of 315,320, and the open interest was 195,074, a decrease of 30,842 [4]. - **Inventory**: The inventory of Shanghai Gold was 97,704 kg, unchanged from the previous day; the inventory of Comex Gold (in troy ounces) was 36,223,374, an increase of 32,119. The inventory of Shanghai Silver was 755,754 kg, a decrease of 40,985 [4]. - **Spread**: The spread between Gold T + D and AU2602 was - 2.64, unchanged from the previous day; the spread between Silver T + D and AG2602 was - 592, a decrease of 442 from the previous day [4]. News - Most Fed officials expect it to be appropriate to continue cutting interest rates after December, while some advocate keeping rates unchanged for "some time" [4]. - Reportedly, OPEC + is likely to maintain the suspension of the production - increase plan this week due to significant supply - surplus pressure [6]. - China has advanced the plan of issuing the first batch of 625 billion yuan of ultra - long - term special treasury bonds in 2026 to support consumer goods trade - in programs. The 2026 national subsidy plan has been released, with new smart products added, home decoration and electric bicycles removed, and subsidy standards for home appliances and cars adjusted [6]. - Starting next year, individuals selling homes purchased over two years ago will be exempt from value - added tax [6]. - The Central Rural Work Conference emphasized strengthening research on key core agricultural technologies and efficient transformation and application of scientific and technological achievements, and developing new high - quality agricultural productivity according to local conditions [6]. - Li Qiang proposed to refine taxpayers and the scope of taxation and determine calculation methods for taxable amounts in different situations [6]. Trend Strength - Gold trend strength: 0; Silver trend strength: 0 [6] 2. Copper Fundamental Data - **Price**: The Shanghai copper main contract closed at 98,090 with a daily decline of 0.78%, and the night - session closing price was 99,220 with a rise of 1.15%. The LME copper 3M electronic disk closed at 12,674 with a daily increase of 4.02% [7]. - **Volume and Open Interest**: The trading volume of the Shanghai copper index was 832,280, a decrease of 142,367 from the previous day, and the open interest was 625,625, a decrease of 17,019. The trading volume of the LME copper 3M electronic disk was 30,309, a decrease of 34,327, and the open interest was 342,000, an increase of 1,036 [7]. - **Inventory**: The Shanghai copper inventory was 71,738 tons, an increase of 5,860 tons; the LME copper inventory was 149,475 tons, a decrease of 5,100 tons, and the cancelled warrant ratio was 26.21%, a decrease of 2.31% [7]. - **Spread**: The LME copper cash - to - 3M spread was 31.35, an increase of 11.66 from the previous day; the spot - to - near - month futures spread of Shanghai copper was - 240, an increase of 90 [7]. News - Most Fed officials expect it to be appropriate to continue cutting interest rates after December, and most participants believe that if inflation declines as expected, further rate cuts may be appropriate [7]. - The 2026 national subsidy plan has been released, with new smart products added, home decoration and electric bicycles removed, and subsidy standards for home appliances and cars adjusted. The first batch of 625 billion yuan of ultra - long - term special treasury bonds in 2026 to support consumer goods trade - in programs has been advanced [7]. - The Peruvian Congress approved a one - year extension of the temporary licenses for small - scale miners until the end of 2026 [7]. - From January to November 2025, Kazakhstan's refined copper production increased by 2.5% year - on - year to 431,998 tons [9]. - In November 2025, China's imports of copper ore and concentrates were 2.53 million tons, a month - on - month increase of 3.05% and a year - on - year increase of 13.13% [9]. - The Chilean government initiated the preliminary mediation process for the labor contract negotiation of the Mantoverde copper - gold mine. Workers will prepare for a strike if the negotiation fails [9]. - On December 29, the main project construction and core equipment installation of the second - phase expansion project of the Julong Copper Mine were completed and successfully test - run, a key step before production [9]. Trend Strength - Copper trend strength: 1 [9] 3. Zinc Fundamental Data - **Price**: The Shanghai zinc main contract closed at 23,380 yuan/ton with a daily increase of 0.54%, and the LME zinc 3M electronic disk closed at 3,083.5 US dollars/ton with a daily decline of 0.10% [10]. - **Volume and Open Interest**: The trading volume of the Shanghai zinc main contract was 148,502 lots, a decrease of 94,405 lots; the open interest was 93,470 lots, a decrease of 217 lots. The trading volume of the LME zinc was 13,418 lots, an increase of 7,474 lots, and the open interest was 232,259 lots, an increase of 4,129 lots [10]. - **Spread and Inventory**: The Shanghai 0 zinc premium was 120 yuan/ton, a decrease of 10 yuan/ton; the LME CASH - 3M spread was - 30 US dollars/ton, a decrease of 1.74 US dollars/ton. The Shanghai zinc futures inventory was 42,387 tons, an increase of 1,403 tons; the LME zinc inventory was 106,325 tons, a decrease of 225 tons [10]. News - The 2026 national subsidy plan has new smart products added, home decoration and electric bicycles removed, and subsidy standards for home appliances and cars adjusted. The subsidy for new cars is 12% or 10% of the car price, with the upper limit remaining the same as in 2025. The subsidy range for home appliances has been reduced, and the subsidy ratio for first - grade energy - efficient home appliances has decreased from 20% to 15%, with the maximum subsidy per appliance dropping from 2,000 yuan to 1,500 yuan [11]. - The first batch of 625 billion yuan of ultra - long - term special treasury bonds in 2026 to support consumer goods trade - in programs has been advanced [11]. Trend Strength - Zinc trend strength: 1 [13] 4. Lead Fundamental Data - **Price**: The Shanghai lead main contract closed at 17,505 yuan/ton with a daily increase of 0.09%, and the LME lead 3M electronic disk closed at 2,010.5 US dollars/ton with a daily increase of 0.55% [14]. - **Volume and Open Interest**: The trading volume of the Shanghai lead main contract was 69,782 lots, a decrease of 14,987 lots; the open interest was 53,891 lots, a decrease of 584 lots. The trading volume of the LME lead was 9,284 lots, an increase of 5,478 lots, and the open interest was 178,618 lots, an increase of 644 lots [14]. - **Spread and Inventory**: The Shanghai 1 lead premium was 0 yuan/ton, an increase of 25 yuan/ton; the LME CASH - 3M spread was - 43.7 US dollars/ton, a decrease of 5.89 US dollars/ton. The Shanghai lead futures inventory was 13,111 tons, an increase of 1,528 tons; the LME lead inventory was 245,275 tons, an increase of 1,000 tons [14]. News - Most Fed officials expect it to be appropriate to continue cutting interest rates after December, and most participants believe that if inflation declines as expected, further rate cuts may be appropriate [15]. - The 2026 national subsidy plan has been released, with new smart products added, home decoration and electric bicycles removed, and subsidy standards for home appliances and cars adjusted. The first batch of 625 billion yuan of ultra - long - term special treasury bonds in 2026 to support consumer goods trade - in programs has been advanced [15]. Trend Strength - Lead trend strength: 0 [15] 5. Tin Fundamental Data - **Price**: The Shanghai tin main contract closed at 326,330 yuan/ton with a daily decline of 2.47%, and the LME tin 3M electronic disk closed at 42,195 US dollars/ton with a daily increase of 5.46% [17]. - **Volume and Open Interest**: The trading volume of the Shanghai tin main contract was 441,257 lots, a decrease of 12,067 lots, and the open interest was 43,769 lots, a decrease of 6,392 lots. The trading volume of the LME tin 3M electronic disk was 180 lots, a decrease of 9 lots, and the open interest was 13,988 lots, an increase of 53 lots [17]. - **Inventory and Spread**: The Shanghai tin inventory was 7,772 tons, a decrease of 133 tons; the LME tin inventory was 5,330 tons, an increase of 185 tons, and the cancelled warrant ratio was 6.57%, a decrease of 0.38%. The SMM 1 tin ingot price was 339,800 yuan/ton, a decrease of 800 yuan/ton [17]. News - Similar to the news in the gold and silver section, including Fed rate - cut expectations, OPEC + production - plan news, China's subsidy and bond - issuance news, etc. [18] Trend Strength - Tin trend strength: 1 [19] 6. Aluminum, Alumina, and Cast Aluminum Alloy Fundamental Data - **Aluminum**: The Shanghai aluminum main contract closed at 22,565 yuan/ton, a decrease of 5 yuan/ton. The LME aluminum 3M closed at 2,987 US dollars/ton, an increase of 38 US dollars/ton. The Shanghai aluminum main - contract trading volume was 369,628 lots, a decrease of 248,997 lots, and the open interest was 267,707 lots, a decrease of 21,548 lots [20]. - **Alumina**: The Shanghai alumina main contract closed at 2,751 yuan/ton, unchanged. The trading volume was 699,429 lots, a decrease of 609,434 lots, and the open interest was 404,205 lots, an increase of 7,530 lots [20]. - **Cast Aluminum Alloy**: The aluminum alloy main contract closed at 21,475 yuan/ton, a decrease of 115 yuan/ton. The trading volume was 9,685 lots, an increase of 546 lots, and the open interest was 15,866 lots, an increase of 9,810 lots [20]. News - Starting next year, individuals selling homes purchased over two years ago will be exempt from value - added tax [22]. - Most Fed officials expect it to be appropriate to continue cutting interest rates after December, and most participants believe that if inflation declines as expected, further rate cuts may be appropriate [22]. Trend Strength - Aluminum trend strength: 1; Alumina trend strength: 0; Aluminum alloy trend strength: 1 [22] 7. Nickel and Stainless Steel Fundamental Data - **Price**: The Shanghai nickel main contract closed at 132,390 yuan/ton, an increase of 6,680 yuan/ton; the stainless - steel main contract closed at 13,090 yuan/ton, an increase of 180 yuan/ton [24]. - **Volume**: The trading volume of the Shanghai nickel main contract was 1,000,602 lots, an increase of 215,362 lots; the trading volume of the stainless - steel main contract was 298,305 lots, an increase of 33,281 lots [24]. - **Industry - Chain Data**: The price of 1 imported nickel was 129,300 yuan/ton, an increase of 700 yuan/ton; the price of 8 - 12% high - nickel pig iron (ex - factory price) was 913 yuan/ton, an increase of 2 yuan/ton [24]. News - In September, the Indonesian Forestry Working Group took over more than 148 hectares of the PT Weda Bay Nickel mining area, which is expected to affect nickel production by about 600 metal tons per month [24]. - China has suspended an unofficial subsidy for imported copper and nickel from Russia [25]. - The Indonesian government has sanctioned 190 mining companies for failing to provide claim and refund guarantees [25]. - The Indonesian Ministry of Energy and Mineral Resources issued a ministerial order regarding the RKAB approval procedure for mines in 2026 [26]. - Trump claimed to impose an additional 100% tariff on China and implement export controls on "all key software" starting from November 1 [26]. - The Indonesian government has suspended the issuance of new smelting licenses for certain nickel products [27]. - Safety inspections in Indonesian industrial parks have affected the production of some nickel wet - process projects, with an expected impact of about 6,000 nickel metal tons in December [27]. - In November, New York Fed President John Williams and Fed Governor Stephen Miran made dovish remarks, increasing the probability of a 25 - basis - point rate cut in December [27]. - China will implement export - license management for some steel products starting from January 1, 2026 [27]. - The Indonesian government plans to revise the benchmark - price formula for nickel ore products in early 2026 and will levy royalties on cobalt as an independent commodity [27]. - The Indonesian government plans to significantly reduce the nickel - ore production target in 2026 from 379 million tons to 250 million tons [28]. - Fifty Indonesian nickel - mining enterprises face potential fines of about 80.2 trillion Indonesian rupiah for illegal occupation of forest land [28]. Trend Strength - Nickel trend strength: 0; Stainless - steel trend strength: 0 [29]

Core Viewpoint - The 2026 "Two New" policy aims to enhance equipment updates and consumer goods replacement, addressing key consumer concerns and promoting high-quality development through targeted subsidies and support measures [1][2]. Group 1: Policy Changes - The support scope for equipment updates has been expanded to include the installation of elevators in old residential areas, equipment updates in elderly care institutions, and safety equipment updates in fire rescue and inspection sectors [2][4]. - The consumer goods replacement program will continue to support subsidies for automobile scrapping and replacement, as well as for major household appliances like refrigerators and washing machines, with an expanded focus on digital and smart products [2][3]. Group 2: Subsidy Standards - The subsidy standards for equipment updates have been optimized, with a shift to differentiated subsidies based on the number of floors for old residential elevators, potentially easing financial burdens for high-rise buildings [4]. - For automobile scrapping, the subsidy will be based on a percentage of the vehicle price, with 12% for new energy vehicles (up to 20,000 yuan) and 10% for fuel vehicles (up to 15,000 yuan) [5][6]. - The household appliance subsidy will now support energy-efficient products at 15% of the product price, with a cap of 1,500 yuan per item [6]. Group 3: Implementation Mechanism - The policy will optimize funding distribution and improve implementation details to combat fraud and ensure that subsidies effectively reach consumers [7]. - A unified subsidy standard will be enforced nationwide for automobile scrapping, replacement, and six categories of household appliances, addressing regional disparities in subsidy amounts [7].

Group 1 - The Ministry of Finance has confirmed that the "national subsidy" for the trade-in of consumer goods will continue next year [1] - In recent years, the effect of the national subsidy has been significant, with ST Yigou reporting that over 70% of trade-in orders this year came from the Suning Yigou channel [1] - The consumer electronics sector is experiencing a shift towards greener, smarter, and higher-end products, as indicated by companies like Jinko Electronics and Bosch Home Appliances, which noted an increase in the sales proportion of mid-to-high-end categories due to the national subsidy [1]

Group 1 - The Chinese government will adjust the scope and standards of the "National Subsidy" program in 2024, expanding it to include more consumer goods and services, with a focus on stimulating consumption [4][5] - The "National Subsidy" program will continue to support the replacement of old vehicles and various household appliances, with an increase in funding from 150 billion yuan in 2024 to 300 billion yuan in 2025 [4][5] - Experts suggest shifting the focus of subsidies from goods to services and increasing cash and digital currency subsidies to better support consumer spending [5] Group 2 - Wentai Technology is pursuing legal action to reclaim its control over Nexperia, with potential claims reaching up to $8 billion if unresolved within six months [7][8] - Geely's subsidiary is suing Awin for over 2.3 billion yuan due to quality issues with battery cells supplied between June 2021 and December 2023 [9][10] - Awin has faced complaints from customers regarding battery performance, leading to a significant lawsuit that could impact its financial standing [9][10] Group 3 - Duzhi Technology announced a year-end bonus of 26 million yuan, distributing gold to all employees, reflecting its strong performance with over 100% annual growth for six consecutive years [12][13] - The company has expanded its market share in the robotic vacuum sector, ranking third globally with a 12.4% share [13] Group 4 - NetEase announced the retirement of its executive vice president Ding Yingfeng, who will continue as a consultant, highlighting a trend of "soft exits" for senior executives in Chinese tech companies [14] - Ding has been instrumental in the development of several flagship games and the establishment of a professional game development system at NetEase [14] Group 5 - BYD is undergoing a significant internal restructuring, merging its 13th division into other departments and adjusting executive roles, indicating a strategic shift in its organizational structure [20][21] - The company has also implemented substantial salary increases for technical staff, signaling a commitment to retaining talent amid competitive market conditions [21] Group 6 - Zero Run Technology aims to sell 4 million vehicles annually in the next decade, focusing on international expansion and leveraging local partnerships for market entry [23] - The company has reported significant overseas orders, positioning itself as a leader in the new energy vehicle sector [23] Group 7 - Apple, Qualcomm, and MediaTek are set to launch 2nm chips in 2026, marking a significant advancement in semiconductor technology [37][38] - TSMC is ramping up production capacity for 2nm chips, indicating strong demand from major tech companies [37][38] Group 8 - OpenAI is recruiting a new safety officer with a salary of $555,000 to address potential risks associated with its AI models, reflecting the company's focus on safety amid growing scrutiny [45][46] - The role is critical as OpenAI faces legal challenges related to the impact of its technology on user mental health [45][46]

Core Viewpoint - The Ministry of Finance is set to continue funding the national consumption subsidy program ("Guo Bu") in 2026, with adjustments to the subsidy scope and standards aimed at boosting consumer spending [2]. Group 1: Policy Updates - The "Guo Bu" policy will continue in 2026, with a focus on enhancing consumer spending through special actions and financial support [2]. - The scope of the "Guo Bu" has been continuously optimized since its implementation in 2024, expanding to include more products and services [3]. Group 2: Subsidy Details - In 2024, the "Guo Bu" primarily covers eight categories of household appliances and vehicle scrappage, with significant expansions in 2025 to include additional appliances and digital products [3]. - The subsidy standards for scrapping vehicles have been increased, with the subsidy for qualifying electric vehicles rising from 10,000 yuan to 20,000 yuan, and for qualifying fuel vehicles from 7,000 yuan to 15,000 yuan [3]. Group 3: Funding Sources - The funding for the "Guo Bu" mainly comes from the issuance of ultra-long-term special government bonds, with 150 billion yuan issued in 2024 and an increase to 300 billion yuan in 2025 [3]. Group 4: Expert Opinions - Experts suggest that the effectiveness of the "Guo Bu" has declined due to previous demand being pulled forward and recommend shifting focus from goods to service consumption, as well as increasing cash and digital currency subsidies [4].

Core Viewpoint - The continuation of the "national subsidy" policy for consumer goods trade-in is confirmed for the upcoming year, aimed at stimulating consumption and investment growth [1][2]. Group 1: Policy Implementation - The "Two New" policy focuses on large-scale equipment updates and consumer goods trade-in, significantly impacting ordinary consumers [2]. - The government plans to increase the funding scale for the "Two New" policy to 500 billion yuan by 2025, with 300 billion yuan allocated for consumer goods trade-in, marking a 150 billion yuan increase from the previous year [2]. - The policy has shown significant effectiveness in promoting consumption, expanding investment, stabilizing growth, and improving living standards [2][5]. Group 2: Economic Impact - The "Two New" policy has been a strong driver for expanding domestic demand, with consumer goods trade-in generating over 2.5 trillion yuan in sales and benefiting more than 360 million people from January to November this year [5]. - The trade-in of automobiles exceeded 11.2 million units, while home appliances saw over 12.8 million units traded in, indicating a robust market response [5]. - The policy has also contributed to a 31.2% year-on-year increase in new energy vehicle sales, reflecting ongoing industrial vitality [5]. Group 3: Future Directions - The Ministry of Finance has emphasized optimizing the implementation of the "Two New" policy, including the use of personal consumption loans and service industry loans to support consumption [6]. - The 2025 consumer goods trade-in policy will expand to include additional categories such as smartphones and various home appliances, enhancing the scope of subsidies [7]. - Future adjustments to the policy may include expanding subsidies to the service consumption sector to further stimulate consumer demand and economic growth [7].

2025.12. 14 本文字数：1284，阅读时长大约2分钟 作者 | 第一财经 陈益刊 明年国家将继续发行超长期特别国债支持消费品以旧换新，也就是老百姓口中的"国补"。 近日，财政部党组召开会议传达学习中央经济工作会议精神。会议提出，明年用好用足各类政府债券 资金，发行超长期特别国债，持续支持"两重"建设、"两新"工作。 所谓"两新"政策，是指大规模设备更新和消费品以旧换新政策。其中与老百姓利益关联最为密切的 是消费品以旧换新政策。上述财政部会议明确了明年将继续发行超长期特别国债来持续支持"国 补"。所谓超长期特别国债，是指中央财政发行的20年及以上期限、用于特定领域的政府债券，这一 特定领域正是上述"两重"（国家重大战略实施和重点领域安全能力）建设、"两新"工作。 为了提振消费，中央财政首次在2024年发行了1500亿元超长期特别国债资金，对消费者汽车以旧换 新、购买相关家电给予财政补贴，也就是"国补"。由于这一政策有效激发消费活力，2025年中央财 政发行了3000亿元超长期特别国债资金来支持"国补"。 随着2025年即将结束，"国补"接近尾声，不少老百姓十分关心明年"国补"是否延续。而近日召开的 中 ...

Core Viewpoint - The Ministry of Finance will continue to issue ultra-long-term special government bonds in 2024 to support the "national subsidy" program for consumer goods replacement, which is aimed at boosting consumption and economic activity [1][2]. Group 1: Government Bond Issuance - In 2024, the central government plans to issue 150 billion yuan (approximately 21.5 billion USD) in ultra-long-term special bonds to support the "national subsidy" for consumer goods replacement, specifically for automobiles and related home appliances [1]. - The issuance of ultra-long-term special bonds will continue in 2025, with an increased amount of 300 billion yuan (approximately 43.2 billion USD) allocated for the same purpose [1]. Group 2: Policy Optimization - The recent central economic work conference emphasized the need to optimize the implementation of the "two new" policies, signaling the continuation of the "national subsidy" program [2]. - The Ministry of Finance proposed to utilize personal consumption loans and service industry loans to support consumption, indicating an optimization of the "national subsidy" policy for the upcoming year [2]. Group 3: Scope of Subsidy - The "national subsidy" program will target a broader range of consumer goods in 2024, including automobiles and eight categories of home appliances such as refrigerators, washing machines, and air conditioners [3]. - In 2025, the subsidy scope will expand further to include additional categories like microwaves, water purifiers, and digital products such as smartphones and smartwatches [3]. Group 4: Expert Recommendations - Analysts suggest that the funding scale for the consumer goods replacement program may increase from 300 billion yuan (approximately 43.2 billion USD) in 2025 to 500 billion yuan (approximately 72.1 billion USD) in 2026 to further stimulate domestic demand [4]. - Experts also recommend granting local governments more authority to expand the subsidy range based on local consumption needs [3]. Group 5: Economic Impact - Data from the Ministry of Commerce indicates that the consumer goods replacement program has generated over 2.5 trillion yuan (approximately 360 billion USD) in sales and benefited more than 360 million people from January to November this year [5].

年初，国家发展改革委 财政部关于2025年加力扩围实施大规模设备更新和消费品以旧换新政策的通知公布。家电、手机、平板、汽车等产品 都在覆盖范围内。 随后，多家电商平台都开启了补贴专区，想必不少小伙伴在购买符合条件的产品时，都会先看一眼是否能享受补贴。 随着时间来到2025年12月中旬，不少小伙伴都在关心随着今年的结束，"国补"是否还会继续。 近日，大家关心的这部分内容也有了确切消息。 据新华社报道，中央经济工作会议12月10日至11日在北京举行。 会议将"坚持内需主导，建设强大国内市场"摆在明年8项重点任务之首，并作出"优化'两新'政策实施""清理消费领域不合理限制措施"等一系列 部署。 参考第一财经日报的报道，"两新"政指的是指大规模设备更新和消费品以旧换新政策。其中与大家利益直接相关的消费品以旧换新政策备受关 注，被称为"国补"。 也就是说，可以确定明年还会有国补，且具体国补政策将会有所优化，想要在明年进行各种用品购置的小伙伴可以关注一下相关消息。 参考来看，2024年发行了1500亿元超长期特别国债资金用于消费品以旧换新，2025年发行3000亿元超长期特别国债资金用于消费品以旧换新。 同时，2025 ...