Core Viewpoint - The article discusses the implementation of the "Two New" policy for 2026, which focuses on large-scale equipment updates and the trade-in of consumer goods, highlighting the support range, subsidy standards, and implementation mechanisms [1][3][4]. Group 1: Policy Support Range - The 2026 policy continues to support vehicle scrapping and replacement subsidies, as well as the trade-in of household appliances, specifically targeting six categories: refrigerators, washing machines, televisions, air conditioners, computers, and water heaters [1][3]. - The scope of digital product subsidies has been expanded to include smart products such as smartphones, tablets, smartwatches, smart glasses, and smart home devices [1][3][8]. - Additional support for equipment updates includes the installation of elevators in old residential areas, equipment updates in elderly care institutions, and safety-related equipment such as firefighting and inspection devices [3][5]. Group 2: Subsidy Standards - The subsidy standards for equipment updates have been optimized, with residential elevator updates shifting from fixed subsidies to tiered subsidies based on the number of floors [4]. - For scrapping old trucks, priority will be given to those replaced with electric trucks [4]. - The subsidy for household appliances will be 15% of the product price for energy-efficient or water-efficient products, with a maximum subsidy of 1,500 yuan per item [6][9]. Group 3: Implementation Mechanisms - The policy aims to streamline the project application and review processes, lowering the investment threshold for project applications and increasing support for small and medium-sized enterprises [4][5]. - The funding distribution method will be optimized, and measures will be taken to combat fraudulent claims and ensure uniform subsidy standards across the country [4][9]. - The policy emphasizes the importance of aligning with the construction of a unified national market, ensuring consistent implementation of subsidies for vehicle scrapping, household appliances, and digital products [4][9].

此外，在设备更新方面，政策支持范围也在总体延续的基础上，增加了老旧小区加装电梯、养老机构、 消防救援、检验检测以及线下消费商业设施等与民生和安全密切相关的领域，体现出政策对提升社会整 体福祉与安全水平的关切。 汽车以旧换新：由定额补贴调整为按新车销售价格的一定比例给予补贴，补贴上限保持不变。 家电以旧换新：补贴标准明确为对个人消费者购买上述6类家电中1级能效或水效标准的产品，按 销售价格的15% 给予补贴，每位消费者每类产品限补1件，每件补贴不超过1500元。 数码及智能产品购新：补贴标准保持按产品销售价格的15%执行，每位消费者每类产品限补1件， 每件补贴上限为500元。 邹蕴涵表示，此次优化旨在更好地结合市场内生需求与政策效力，为民生需求"解渴"，为消费升级提供 助力，推动明年消费平稳向好。 为保障政策及时落地见效，满足元旦、春节等传统消费旺季的需求，国家已于近日向地方提前下达2026 年第一批625亿元超长期特别国债资金，专项用于支持消费品以旧换新。各地将结合本地实际，尽快组 织落实，以提升政策效能。 国家发展改革委、财政部于12月30日联合发布关于2026年实施大规模设备更新和消费品以旧换新政策的 通 ...

Core Viewpoint - The Chinese government has announced the "Two New" policy for 2026, focusing on optimizing support scope, subsidy standards, and implementation mechanisms for equipment updates and consumer goods trade-in programs [1][2]. Group 1: Support Scope Optimization - The support scope for equipment updates will largely continue from 2025, while the consumer goods trade-in program will concentrate resources on key consumer products with strong impact [1]. - The policy will continue to implement subsidies for scrapping and replacing old cars, as well as for household appliances, focusing on six categories: refrigerators, washing machines, televisions, air conditioners, computers, and water heaters [1]. - The subsidy for digital products will be expanded to include smart products such as smartphones, tablets, smartwatches, smart glasses, and smart home products, including those designed for the elderly [1]. Group 2: Subsidy Standard Optimization - For equipment updates, the subsidy for old residential elevators will shift from a fixed amount to a tiered subsidy based on the number of floors [2]. - In the scrapping and replacing of old commercial trucks, priority will be given to updates to electric trucks [2]. - The subsidy for consumer goods trade-in will maintain the upper limit for car subsidies while adjusting the fixed subsidy to a percentage of the car price; for household appliances, the subsidy will be 15% of the price for energy-efficient products, with a maximum of 1,500 RMB per item [2]. Group 3: Implementation Mechanism Optimization - The policy will enhance support for small and medium-sized enterprises, expanding the reach of the policy [2]. - The funding distribution method will be optimized, and strict measures will be taken against fraudulent claims and illegal practices [2]. - A unified subsidy standard will be established nationwide for car scrapping, car replacement, six categories of household appliances, and four categories of digital and smart products [2].

支持智能家居产品（含适老化家居产品）购新补贴，具体补贴品类、补贴标准由地方结合实际自主合理 制定。 支持数码和智能产品购新。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。2025 年补贴中没有智能眼镜，而2026年国家政策进一步将智能眼镜纳入3C数码购新补贴 品类。所谓智能眼镜，是指AI眼镜、AR眼镜、VR眼镜等。 扬子晚报网 12 月 30 日讯（记者 徐兢）国家发展改革委、财政部发布关于2026年实施大规模设备更新 和消费品以旧换新政策的通知。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。值得注意的是，智能眼镜首次被纳入补 贴范围。 通知提到，支持家电以旧换新。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。 另据悉，12月30日，南京市商务局发布2026年南京 ...

Core Viewpoint - The new policy on the "National Subsidy" for replacing old consumer goods will continue in 2026, with adjustments to the scope and intensity of subsidies [1][6]. Group 1: Policy Continuation and Adjustments - The "National Subsidy" policy for consumer goods replacement will be implemented in 2026, following the guidelines set in the 14th Five-Year Plan to boost consumption [3][6]. - The 2026 subsidy will focus on four main categories: vehicle scrapping, vehicle replacement, home appliances, and digital/智能 products, with the exclusion of home decoration and electric bicycles [6][8]. Group 2: Subsidy Details - In 2026, the home appliance subsidy will cover six categories: refrigerators, washing machines, televisions, air conditioners, computers, and water heaters, with a requirement for products to meet level 1 energy or water efficiency standards [8][10]. - Consumers purchasing eligible home appliances will receive a subsidy of 15% of the product price, capped at 1,500 yuan per item, with a limit of one item per category per consumer [10][11]. - The digital product subsidy will include smartphones, tablets, smartwatches, and smart glasses, with a similar subsidy structure as home appliances, maintaining a cap of 500 yuan per item [10][11]. Group 3: Economic Impact and Industry Growth - The "National Subsidy" policy has significantly contributed to the domestic market, with over 128 million home appliances replaced in 2025, generating sales exceeding 2.5 trillion yuan [5]. - The light industry achieved a revenue of 19 trillion yuan in the first ten months of 2025, with a year-on-year growth of 1.9%, indicating a positive contribution to the national economy [5]. - The policy is expected to further drive the transformation and upgrading of the light industry, enhancing the supply of quality consumer goods and services [5][11].

【导读】国家发展改革委、财政部发布关于2026年实施大规模设备更新和消费品以旧换新政 策的通知 中国基金报记者 晨曦 2026年"两新"政策，来了！ 12月30日，国家发展改革委官网发布《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》（以下简称《通知》），对明年的"两新"政策作出说明。 其中，设备更新在总体延续的基础上，增加老旧小区加装电梯、养老机构、消防救援、检验 检测、线下消费商业设施等领域，更好满足民生和安全需要。 国家发展改革委 财政部关于2026年实施 大规模设备更新和消费品以旧换新政策的通知 发改环资〔2025〕1745号 《通知》提到，支持商业综合体、购物中心、百货店、大型超市等线下消费商业设施设备更 新。优化申报条件和审核流程，进一步降低申报设备更新项目的投资额门槛，加大对中小企 业设备更新的支持力度，扩大政策惠及面。 消费品以旧换新方面，《通知》支持汽车以旧换新，家电以旧换新聚焦冰箱、洗衣机、电 视、空调、电脑、热水器等6类产品；支持数码和智能产品购新，包括手机、平板、智能手表 （手环）、智能眼镜、智能家居产品（含适老化家居产品）。 具体而言，个人消费者购买冰箱、洗衣机、电视 ...

Group 1: Construction and Industrial Production - Recent construction starts have shown a seasonal recovery, with residential construction performing better than infrastructure projects[2] - Industrial production remains at a historically high level, although some sectors, such as high furnace and coking, have weakened[2] - Cement supply for infrastructure projects has decreased month-on-month, with a larger year-on-year decline, while residential cement usage has seen a smaller month-on-month change and a narrowing year-on-year decline[2] Group 2: Demand and Sales Trends - Overall demand in construction remains weak, with rebar, wire rod, and building materials at historical lows[3] - Passenger vehicle sales continue to show negative growth year-on-year, while online sales of major home appliances have weakened further[3] - The average transaction area of new homes in 30 major cities increased by 44% compared to the previous two weeks, but still reflects a year-on-year decline of 18% and 27% compared to 2023 and 2024, respectively[6] Group 3: Commodity Prices - Copper, aluminum, and gold prices have reached new historical highs, driven by the expansion of dollar liquidity and industrial activity related to AI investments[4] - Domestic industrial product prices are experiencing a strong upward trend, with the South China industrial product index showing resilience[5] - Recent fluctuations in commodity prices indicate a potential risk of volatility exceeding expectations[77] Group 4: Export and Economic Indicators - Export growth for the period leading up to December 28 is projected to be between 2% and 4%, with a model indicating a 4.2% year-on-year increase[68] - The central bank has implemented a net withdrawal of 119.3 billion yuan through reverse repos, indicating a tightening of liquidity[70]

2025.12. 30 本文字数：2393，阅读时长大约4分钟 据洛图科技数据，2025年中国含AR眼镜在内的AR设备（带显示）销量预计达45.2万台，同比增长近 70%。而在AI大模型的驱动下，AI眼镜（不带显示）迎来爆发式增长，2025年中国AI眼镜销量预计达137 万副，同比增长215.7%。 在政策实施方面，严厉打击骗补套补和"先涨后补"等违法违规行为。同时，落实全国统一大市场建设要 求，对汽车报废更新、汽车置换更新、6类家电以旧换新、4类数码和智能产品购新，明确在全国范围内执 行统一的补贴标准。 作者 | 第一财经 王珍 封图 | 第一财经记者 任玉明 拍摄 2026年消费品国家补贴政策今日正式发布，补贴产品有增有减，第一财经记者留意到，智能眼镜首次进入 国补范围。 明年国家继续实施家电以旧换新补贴，支持范围聚焦冰箱、洗衣机、电视、空调、电脑、热水器等6类产 品，家用灶具和吸油烟机不再列入国补范围；同时，将数码产品购新补贴拓展为数码和智能产品购新补 贴，支持范围包括手机、平板、智能手表（手环）、智能眼镜和智能家居产品（含适老化家居产品）。 家电以旧换新调整为补贴1级能效或水效产品，补贴产品售价的15 ...

Core Viewpoint - The National Development and Reform Commission and the Ministry of Finance have issued a notice regarding the continuation of large-scale equipment updates and consumer goods replacement policies in 2026, optimizing support scope, subsidy standards, and implementation mechanisms [1] Group 1: Optimization of Support Scope - The support scope for equipment updates will generally continue from 2025, with additions in the livelihood sector for old residential elevators and equipment updates in elderly care institutions, as well as in safety for firefighting and inspection equipment [2] - The policy will continue to implement subsidies for scrapping and replacing automobiles, and for replacing old household appliances, focusing on six categories: refrigerators, washing machines, televisions, air conditioners, computers, and water heaters [2] - The subsidy for digital products will be expanded to include smart products such as smartphones, tablets, smartwatches, smart glasses, and smart home products, including those designed for the elderly [2] Group 2: Optimization of Subsidy Standards - For equipment updates, the subsidy for updating old residential elevators will be adjusted from a fixed amount to a tiered subsidy based on the number of elevator floors [3] - In the scrapping and replacing of old operational trucks, priority will be given to supporting the replacement with electric trucks [3] - The subsidy for household appliances will be adjusted to support products with a 1st-level energy efficiency or water efficiency rating, providing 15% of the product price as a subsidy, with a maximum of 1,500 yuan per item [3] Group 3: Optimization of Implementation Mechanisms - The project application mechanism and review process for equipment updates will be optimized to lower the investment threshold for applications and increase support for small and medium-sized enterprises [4] - The funding allocation method for consumer goods replacement will be optimized, with strict measures against fraudulent claims and illegal practices [4] - The notice emphasizes the need for coordinated efforts among various departments to implement the policies effectively, with local governments required to organize and enhance the effectiveness of the policies [4]

记者今天（30日）从国家发展改革委了解到，2026年优化实施"两新"政策方案发布。 优化支持范围。设备更新在总体延续的基础上，增加老旧小区加装电梯、养老机构、消防救援、检验检 测、线下消费商业设施等领域，更好满足民生和安全需要。 消费品以旧换新方面，支持汽车以旧换新，家电以旧换新聚焦冰箱、洗衣机、电视、空调、电脑、热水 器等6类产品；支持数码和智能产品购新，包括手机、平板、智能手表（手环）、智能眼镜、智能家居 产品（含适老化家居产品）。 优化实施方式，提升重点消费品"得补率"。 国家已于近日向地方提前下达2026年第一批625亿元超长期特别国债支持消费品以旧换新资金计划，满 足元旦、春节等旺季消费需求。各地将结合实际组织落实，提升"两新"政策效能。 那么明年以旧换新政策都有哪些变化？老百姓都能享受哪些优惠？一起来看专家的解读。 明年"两新"政策在支持范围上进行了优化。消费品以旧换新政策重在提升覆盖人群广、带动效应强的重 点消费品"得补率"，继续支持汽车、家电、数码产品的补贴，并且增加了智能眼镜和智能家居产品（含 适老化家居产品）的购新补贴。 国家信息中心经济预测部宏观经济研究室副主任邹蕴涵介绍，2026年的消 ...