（来源：光明日报） 在消费品以旧换新方面，2025年下半年以来，国家发展改革委会同商务部等部门，组织各地区全面 开展问题核查整改，特别是针对个别企业和个人骗补套补、经销商和平台"先涨后补"、补贴资金错发多 发少发、资金审核兑付效率低、政策落实和资金管理不规范等5个方面典型问题，进行了集中整治。 "在此基础上，我们充分论证、有针对性地完善了2026年的政策实施机制。"李超说，在原有资金分 配标准基础上，综合考虑前期政策执行情况等因素，合理确定各地资金分配规模。同时，对拖欠兑付较 严重的地区，将通过适当方式加大督促和惩戒力度。 "我们将指导地方均衡有序支出补贴资金，做好跨周、跨月、跨季度平稳衔接；要求地方建立补贴 资金预拨制度，减轻企业垫资压力。"李超表示，将严厉打击违法行为，重点做到严格资金审核、严格 价格管理、严格执法监管。组织开展专项行动，对骗补套补、"先涨后补"等违法违规行为，发现一起、 查处一起、曝光一起。 此外，李超介绍，"两重"建设的战略性、前瞻性、全局性进一步凸显。近日，国家发展改革委组织 下达2026年提前批"两重"建设项目清单和中央预算内投资计划，共计约2950亿元，加快各类资金拨付和 使用节 ...

来源：央视网 02:01 今年中央经济工作会议明确了2026年八项重点任务，其中，"坚持内需主导，建设强大国内市场"被置于 首位。会议从提升消费能力、增强消费意愿、优化消费环境等多个方面作出系统部署，并明确提出 要"优化'两新'政策实施"。 "加快产品更新换代是推动高质量发展的重要举措，要鼓励引导新一轮大规模设备更新和消费品以旧换 新。"2024年初，习近平总书记在中央财经委员会第四次会议上作出"推动新一轮大规模设备更新和消费 品以旧换新"的重大决策。 监 制丨王敬东 主 编丨李璇 策 划丨李珊珊 编 辑丨刘禛 国务院随即印发《推动大规模设备更新和消费品以旧换新行动方案》，对"两新"工作作出全面部署；多 部委继而联合印发《关于加力支持大规模设备更新和消费品以旧换新的若干措施》，明确配套3000亿元 超长期特别国债资金，支持"两新"政策全面落地。 "十五五"规划建议进一步作出"加大直达消费者的普惠政策力度"等具体部署，为提振消费提供制度保 障。从"推进"到"加力推进"，从"扩围支持"到"扩围提质"再到优化政策实施，"两新"支持力度逐步加 大，覆盖范围不断拓宽，撬动效应持续增强。 总监制丨骆红秉 魏驱虎 ...

Core Insights - The cumulative profit of industrial enterprises above designated size fell by 1.7% year-on-year from January to July, with a significant narrowing of the decline in July to 1.5%, down 2.8 percentage points from the previous month [1] - The "Two New" policies, focusing on large-scale equipment updates and consumer goods replacement, have significantly contributed to profit growth in new momentum industries, particularly in equipment manufacturing [1][5] - In July, profits in specific sectors such as electronic and electrical machinery manufacturing, general component manufacturing, and food and beverage equipment manufacturing saw substantial year-on-year increases of 87.9%, 15.3%, and 11.3% respectively [1] Industrial Performance - The industrial added value for enterprises above designated size grew by 5.7% year-on-year in July, despite a 1.1 percentage point decline in growth rate compared to previous months, remaining above the average of the past five years [3] - Export growth in July was recorded at 7.2%, surpassing the ten-year average of 3.6% for the same period, driven by "grabbing exports" and "grabbing Two New" initiatives [3] - The "anti-involution" effect has been reflected in the prices of raw materials, with significant reductions in price declines for various industries, contributing to a decrease in the overall impact on the Producer Price Index (PPI) [3] Profit Recovery - From January to July, profits in the raw materials manufacturing sector increased by 10% year-on-year, accelerating by 3.2 percentage points compared to the previous period, with the steel processing industry turning profitable [5] - Small and medium-sized industrial enterprises showed signs of profit recovery in July, with profits turning from declines of 7.8% and 9.7% in June to increases of 1.8% and 0.5% respectively [6] - The overall industrial production maintained rapid growth in July, although challenges such as weak effective demand and low profit levels persist [6] Future Outlook - The "anti-involution" strategy is expected to focus on controlling increments while optimizing existing resources, leading to a gradual support for industrial profit growth [7] - With the expected normalization of supply and demand following extreme weather disruptions, industrial profits are anticipated to continue a mild recovery trend, with monthly year-on-year growth potentially turning positive [7] - Upcoming policies, including a new 500 billion yuan financial tool aimed at supporting infrastructure and strategic emerging industries, are expected to provide stable demand support [7][8]

Core Insights - The "Two New" initiative, which refers to large-scale equipment upgrades and the replacement of old consumer goods, is driving significant investment growth and increased consumption in related sectors [1] Investment Growth - In the first half of this year, investments in the consumer goods manufacturing industry closely related to the "Two New" initiative have seen rapid growth [1] - As of July 25, the implementation of the old-for-new policy has led to a cumulative sales figure exceeding 3 trillion yuan, benefiting over 430 million people [1] Consumer Trends - There is a new trend in the replacement of old household appliances, with larger appliances becoming increasingly favored by consumers [1]

Group 1 - The core viewpoint emphasizes the effective implementation of "Two Heavy" projects and the expansion of "Two New" policies, which are crucial for enhancing economic development and stability [1][2][3] - "Two Heavy" projects focus on strategic areas such as technological self-reliance, urban-rural integration, and ecological security, with significant funding allocated for infrastructure and agricultural development [2][3] - The National Development and Reform Commission (NDRC) aims to complete the project list for "Two Heavy" construction by the end of June, ensuring high standards in implementation and efficiency [3] Group 2 - "Two New" initiatives involve large-scale equipment upgrades and consumer product replacements, which have become vital for boosting consumption and investment [4][5] - Retail sales in key categories such as home appliances and furniture have shown substantial growth, contributing to an increase in overall social retail sales [4] - Investment in equipment and tools has risen significantly, with a notable contribution from sectors closely related to "Two New" policies, indicating a positive trend in manufacturing and technological upgrades [4][5] Group 3 - The economic outlook remains stable, with domestic demand expanding and external markets diversifying, as evidenced by a 4.7% year-on-year increase in social retail sales [6][7] - High-tech manufacturing and equipment sectors are experiencing rapid growth, with significant increases in production output for servers and industrial robots [6] - The NDRC plans to accelerate fund allocation and improve the efficiency of fund usage to support the ongoing implementation of "Two New" policies [5][6]