Core Viewpoint - The article discusses the initiation of the 2026 home appliance and digital product trade-in program in various cities across China, highlighting the ongoing support from the central government for such initiatives and the criteria for participating entities [3][4][5]. Group 1: Program Overview - The trade-in program for home appliances has seen over 128 million units exchanged from January to November this year, with the central economic work conference confirming the continuation of national subsidies for the program in 2026 [3]. - Various local business departments are selecting platforms or companies to manage the trade-in subsidies, with a deadline for applications by the end of December [3][4]. Group 2: Selection Criteria - Shenzhen's business bureau emphasizes the need for platforms to have strong technical support, risk management capabilities, and the ability to monitor and report subsidy fund usage in real-time [3]. - Jiangmen's business bureau requires platforms to verify consumer information through real-name authentication and geographic location, as well as to prevent fraudulent activities [4]. - Xuzhou's business bureau mandates that participating entities must not have a history of subsidy fraud and must develop risk control plans to combat fraudulent claims [5]. Group 3: Product Categories and Innovations - The trade-in program will include six categories of home appliances such as refrigerators, washing machines, televisions, computers, air conditioners, and water heaters, along with 3C products like smartphones and AI glasses, marking the first inclusion of AI glasses in the program [5][6]. - The focus remains on energy-saving and smart products, with potential adjustments to product range and subsidy standards expected [6].

Core Viewpoint - The Chinese government is continuing its "old-for-new" subsidy program for home appliances and digital products, with various cities initiating the selection process for eligible platforms and enterprises for the 2026 program [1][2][3] Group 1: Program Implementation - Cities such as Shenzhen, Jiangmen, Xuzhou, Hangzhou, Guang'an, and several regions in Inner Mongolia have started the application and selection process for the 2026 "old-for-new" program [1] - Over 128 million home appliances have been replaced under the "old-for-new" program from January to November this year [1] - The central economic work conference has confirmed the continuation of the "national subsidy" for the "old-for-new" program next year [1] Group 2: Selection Criteria - Shenzhen's selection criteria require platforms to have strong technical support, risk management capabilities, and the ability to monitor and report subsidy fund usage [1] - Jiangmen's announcement specifies that selected platforms must verify consumer information through real-name authentication and location tracking, and must have mechanisms to prevent fraud [2] - Xuzhou's requirements include a history free of fraudulent subsidy claims and the development of risk control plans to combat fraud and price inflation [2] Group 3: Product Categories and Innovations - The types of appliances eligible for the 2026 program include refrigerators, washing machines, televisions, computers, air conditioners, and water heaters, along with 3C products like smartphones, tablets, smartwatches, and AI glasses [2] - The inclusion of AI glasses marks a new addition to the list of products eligible for the "old-for-new" program [2] - The focus on energy-saving and smart products remains unchanged, although specific details regarding product range and subsidy standards are yet to be announced [3]