中国青年报客户端北京1月20日电（中青报·中青网记者 贾骥业）今天上午，国新办举行新闻发布会，国 家发展改革委资源节约和环境保护司司长王善成在会上透露，自2024年"两新"（大规模设备更新和消费 品以旧换新）政策实施以来，政策实施效果非常明显。2025年，我国安排超长期特别国债资金支持约 8400个设备更新项目，带动总投资超过1万亿元，支撑全年设备工器具购置投资同比增长11.8%，拉动 全部投资增长1.8个百分点。 数据显示，"两新"政策实施已累计形成年节能量超过6900万吨标准煤，减少碳排放超过1.7亿吨。 来源：中国青年报客户端 2025年，有超过3.6亿人次申领消费品以旧换新补贴，带动相关商品销售额超过2.6万亿元，直接拉动社 会消费品零售总额增长0.6个百分点。此外，"两新"政策实施以来，全国新增智能化社区回收设施2.9万 余个；"两新"涉及的294项能耗、排放等国家标准全部发布；消费者购买的新能源汽车占比近60%，一 级能效和水效家电占比超过90%。 ...

Core Viewpoint - The continuation of the "national subsidy" policy for consumer goods trade-in is confirmed, aimed at stimulating consumption and investment, and supporting economic growth in 2024 [3][4]. Group 1: Policy Implementation - The "Two New" policy focuses on large-scale equipment updates and consumer goods trade-in, significantly impacting consumers, particularly in sectors like automobiles and home appliances [4][6]. - The 2025 plan includes an increase in special long-term bonds to support the "Two New" initiatives, with a total funding of 500 billion yuan, of which 300 billion yuan is allocated for consumer goods trade-in, marking a 150 billion yuan increase from the previous year [4][5]. - The policy has shown significant effectiveness in promoting consumption, investment, and structural adjustments, contributing to high-quality development [4][8]. Group 2: Economic Impact - The "Two New" policy is seen as a powerful tool for expanding domestic demand, with trade-in programs generating over 2.5 trillion yuan in sales and benefiting more than 360 million people from January to November this year [7][8]. - The trade-in of automobiles exceeded 11.2 million units, while home appliances saw over 12.8 million units traded in, indicating strong consumer engagement [7]. - The policy has also facilitated a shift towards smart appliances and electric vehicles, with a 31.2% year-on-year increase in new energy vehicle sales [8]. Group 3: Future Directions - The upcoming implementation of the "national subsidy" policy will include new categories for trade-in, such as smartphones and various home appliances, expanding the scope of consumer goods eligible for subsidies [9]. - The government plans to enhance financing support through personal consumption loans and service industry loans, aiming to meet diverse consumer needs [9]. - Future adjustments to the "Two New" policy may include expanding subsidies to service consumption, further stimulating economic growth [9].

近日，四川省乐山市商务局、乐山市总工会推出汽车、家电"以旧换新"惠职工专场活动，通过"政府补 贴+企业让利"的叠加优惠模式，带动市场消费活力。图为消费者在咨询补贴政策、选购享受补贴的家 电产品。 李华时摄（人民视觉） 新的一年，消费品以旧换新"国补"还会持续吗？ 近日召开的中央经济工作会议在明年经济工作重点任务中明确指出，优化"两新"政策实施。财政部 日前也在相关会议中提出，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。这也进一步明确，明年"国补"将继续实施。 稳增长惠民生 "两新"，是指大规模设备更新和消费品以旧换新，其中消费品以旧换新政策与普通消费者关系密 切。 根据国务院2024年印发的《推动大规模设备更新和消费品以旧换新行动方案》，消费品以旧换新主 要涉及汽车、家电以及家装厨卫等消费品。当前，我国耐用消费品市场规模居全球首位，已进入存量优 化阶段。通过实施消费品以旧换新政策，有利于激发升级消费需求，释放消费潜力。 2025年，"两新"政策加力扩围实施，支持该项工作的超长期特别国债资金规模增加至5000亿元。其 中，3000亿元用于支持消费品以旧换新，比上年增加15 ...

Core Insights - In the first five months of 2025, China's industrial enterprises achieved a total profit of 2.72 trillion yuan, reflecting a year-on-year decline of 1.1% due to multiple factors, despite growth in gross profit and operating revenue [2][3] Group 1: Profit Trends - State-owned enterprises reported a profit of 870.95 billion yuan, down 7.4% year-on-year, while private enterprises saw a profit increase of 3.4% to 759.25 billion yuan [2] - The gross profit of industrial enterprises grew by 1.1% year-on-year, contributing 3.0 percentage points to the overall profit growth [3] - The equipment manufacturing sector experienced a profit increase of 7.2%, significantly supporting the overall profit of industrial enterprises [3] Group 2: Sector Performance - The aerospace, aviation, and maritime industries saw a remarkable profit growth of 56.0%, driven by advancements in domestic aircraft operations and space exploration projects [4] - Specific sectors such as aircraft manufacturing and rocket manufacturing reported profit increases of 120.7% and 28.6%, respectively [4] - The shipbuilding industry also thrived, with profits rising by 85.0%, particularly in metal ship manufacturing, which saw a profit increase of 111.8% [4] Group 3: Policy Impact - The "Two New" policies, focusing on large-scale equipment updates and consumer goods replacement, have effectively stimulated domestic demand and promoted industrial transformation [5] - Manufacturing investment grew by 8.5% year-on-year in the first five months, outpacing the national fixed asset investment growth by 4.8 percentage points [5] - The consumer goods replacement policy led to significant profit increases in smart consumer devices and kitchen appliances, with profits rising by 101.5% and 20.7%, respectively [6]

Core Insights - The "Two New" policy has significantly boosted investment in equipment and consumer goods, leading to a 19% year-on-year increase in equipment and tool purchases in Q1, which in turn supported a 4.6% growth in retail sales of consumer goods [1][2]. Group 1: Consumer Impact - In Q1, the "Two New" policy led to substantial growth in retail sales across various consumer categories, with telecommunications equipment, home appliances, and furniture seeing year-on-year increases of 26.9%, 19.3%, and 18.1% respectively [2]. - The total sales driven by the "Two New" initiatives exceeded 720 billion yuan, with significant contributions from the replacement of old vehicles and appliances [2]. Group 2: Investment Growth - Equipment and tool purchase investment rose by 19% in Q1, outpacing overall investment growth by 14.8 percentage points, indicating strong momentum in the manufacturing and equipment sectors [3]. - Investment in consumer goods manufacturing, equipment manufacturing, and technological upgrades showed growth rates of 13.5%, 8.9%, and 7.2% respectively, all exceeding overall investment growth [3]. Group 3: Industry Benefits - The "Two New" policy has positively impacted related industries, with manufacturing value added in general and specialized equipment, automobiles, and smart consumer devices increasing by 9.4%, 4.1%, 11.8%, and 11.4% respectively [4]. - The recycling of waste electrical and electronic products saw a significant increase, with a 70% rise in collection volumes, reflecting enhanced recycling efforts [4]. Group 4: Future Potential - The potential for expanding domestic demand is substantial, with estimates suggesting that equipment replacement needs could exceed 5 trillion yuan annually as urbanization progresses [7]. - The government plans to continue supporting the "Two New" policy with additional funding, including an allocation of 81 billion yuan in special bonds to further stimulate consumer goods replacement [6][8].