Core Insights - As of September 10, 2023, the number of applications for the vehicle trade-in program has reached 8.3 million [1][3] - The Ministry of Commerce aims to boost consumption and expand domestic demand to promote high-quality development in the automotive industry [3] Group 1: Policy Implementation - The Ministry of Commerce will focus on the implementation of the vehicle trade-in policy, optimizing platform functions to enhance efficiency and ensure timely subsidies reach consumers [3] - The goal is to improve consumer satisfaction and perception of benefits from the trade-in program [3] Group 2: Reform Initiatives - The Ministry will advance automotive circulation consumption reform trials, targeting automotive consumption and addressing restrictive measures to enhance management levels [3] - Innovative approaches will be employed to cultivate new growth points in automotive consumption, including vehicle modifications, automotive events, RV camping, and classic cars [3] Group 3: Recycling and Compliance - Efforts will be made to streamline the automotive recycling chain, encouraging the introduction of advanced dismantling equipment for end-of-life vehicles [3] - The Ministry will guide local authorities to strengthen cross-departmental regulation and combat illegal dismantling activities [3] - Industry associations will be encouraged to promote compliance and self-regulation among enterprises to foster healthy industry development [3]