Core Viewpoint - The suspension of the old-for-new subsidy for consumer goods during the "6.18" shopping festival has raised widespread attention, highlighting the importance of this policy in boosting consumption and expanding domestic demand [1][2]. Group 1: Policy Impact - The old-for-new policy has shown significant effects, with sales in five major categories reaching 1.1 trillion yuan in the first five months, nearing the total sales of 1.3 trillion yuan for the entire previous year [1]. - The implementation of 300 billion yuan in long-term special treasury bonds has provided crucial support for the old-for-new policy, with 162 billion yuan allocated in two batches in January and April [1]. Group 2: Regional Variations - There are notable differences in the usage progress and effectiveness of the subsidy across regions, with some areas suspending the "national subsidy" due to nearing the funding cap, while others adopt a daily "limited issuance" model [2]. - Some regions maintain a "universal subsidy" model and expand coverage to enhance policy attractiveness and stimulate consumption [2]. Group 3: Future Considerations - The distribution of funds is expected to favor regions that perform well in 2024, and optimizing fund allocation based on policy effectiveness will be crucial for improving subsidy implementation [2]. - Upcoming promotional events in the second half of the year will require precise management of fund usage to maximize the impact of fiscal resources on consumer spending [2].