Benefitting 16.13 million people. "New country compensation" implementation in the first month led to thriving production and sales.

According to the Ministry of Commerce, with the implementation of the "old-for-new" policy for consumer goods in 2026, a wave of renewal has been sparked across the country. In the first month of the implementation of the "new national subsidy", the old-for-new policy benefited 16.13 million people, with sales of automobiles, household appliances, digital and smart products reaching 925.6 billion yuan. Currently, the 2026 consumer goods "old-for-new" policy has been fully implemented. The real gold and silver benefits brought by the "new national subsidy" combined with the Spring Festival gift package have boosted the renewal trend among consumers.