The "Action Plan for Promoting the Trade-in of Consumer Goods" issued by 14 departments including the Ministry of Commerce was released on April 12. The "Action Plan" implements the "Notice of the State Council on Printing and <Distributing the > of the Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in" (Guo Fa [2024] No. 7) (Guo Fa [2024] No. 7), and organizes the nationwide trade-in of automobiles and household appliances and the "renewal" of home decoration, kitchen and bathroom.
The "Action Plan" proposes that by increasing policy guidance and support, we will strive to accelerate the elimination of passenger cars with emission standards of China III and below by 2025, and further increase the market share of high-efficiency and energy-saving household appliances, increase the recycling volume of scrapped vehicles by 50% compared with 2023, and the recycling volume of waste household appliances by 15% compared with 2023, and by 2027, the recycling volume of scrapped vehicles will double compared with 2023, the transaction volume of second-hand cars will increase by 45% compared with 2023, and the recycling volume of waste household appliances will increase by 30% compared with 2023. The Action Plan clarifies the key tasks of trade-in of consumer goods:
Promote the "energy" of cars
Increase fiscal and financial policy support, the central government and local governments linkage, arrange funds to support the scrapping and renewal of automobiles, and encourage qualified localities to support the replacement and renewal of automobiles. Highlight the standard traction in the automotive field, improve the recycling and dismantling system of scrapped vehicles, promote the safe and convenient transaction of second-hand cars, cultivate and expand the main body of second-hand car business, and promote the innovation and development of automobile circulation and consumption.
Chengdu opened the "suitable for the elderly" special line, the vehicle is a specially customized new energy model. Photo by Jiang Hongjing (Xinhua News Agency)
Promote the transformation of home appliances into "smart"
Give full play to the guiding role of fiscal and taxation policies, encourage the introduction of measures to benefit the people, improve the recycling network of waste household appliances, increase the cultivation of diversified subjects, strengthen the guidance and support of household appliance standards, promote the comprehensive improvement of after-sales service levels, and develop the circulation of second-hand goods.
A home appliance brand shows a mobile phone-connected and cookable bento box for young consumers. Photo by Liu Ying (Xinhua News Agency)
Promote the "renewal" of home decoration and kitchen and bathroom
Increase support for the people, improve the level of convenient services, cultivate new growth points for home furnishings, and optimize the home market environment.
Install bedside guardrails, handrails, and anti-slip floors for elderly families with special difficulties. Photo by Mu Yu (Xinhua News Agency)
In the next step, the Ministry of Commerce will work with various departments and localities to implement documents and policies, strengthen organizational leadership, strengthen fund management and factor guarantees, coordinate the promotion of activities, increase policy publicity and interpretation, do a good job in supervising and urging the implementation, promote the trade-in of consumer goods, and strive to expand domestic demand to better meet the needs of the people for a better life.
Editor in charge: Zhao Chengyu