From January to May this year, the sales revenue of major e-commerce platforms for exchanging old appliances for new ones increased by over 80%, making it an important factor driving the growth of household appliance consumption. In March of this year, the State Council issued the Action Plan for Promoting Large scale Equipment Renewal and Consumer Goods Exchange. Recently, the inter ministerial joint meeting system led by the National Development and Reform Commission and participated by 21 departments and units to promote large-scale equipment updates and the exchange of old for new consumer goods has been officially established. It is reported that as of now, the policy system has been completed, and action plans have been issued in four areas: equipment updates, consumer goods trade in, recycling, and standard improvement in seven major areas. 31 provinces (regions, cities) have issued implementation plans for large-scale equipment updates and consumer goods trade in in their respective regions. Financial support is gradually being implemented, and the National Development and Reform Commission has arranged for central budget investment and other funds to support key projects such as equipment updates, energy conservation, carbon reduction, and recycling; The Ministry of Finance has pre allocated 6.44 billion yuan from the central government to support the trade in of old cars and allocated 500 million yuan to support the scrapping of old agricultural machinery; The People's Bank of China, together with relevant departments, is implementing the policy of re lending for scientific and technological innovation and technological transformation, and is currently conducting project review and promotion. In addition, the formulation of standards is accelerating, and all 129 national standards planned to be formulated and revised this year have been approved. Standards in areas such as energy conservation and carbon reduction, environmental protection, safety, and recycling are further improving Li Chao, spokesperson for the National Development and Reform Commission, said. Li Chao introduced that with the joint efforts of all parties, the work of promoting large-scale equipment updates and exchanging old for new consumer goods has achieved a good start. From January to May this year, the investment in purchasing equipment and tools increased by 17.5% year-on-year, contributing over 50% to the overall investment growth; From January to May, the sales revenue of major e-commerce platforms for exchanging old appliances for new ones increased by over 80%, making it an important factor driving the growth of household appliance consumption. At the same time, a large number of intelligent community recycling facilities have been added in various regions, making the recycling and reuse system more sound. Next, the National Development and Reform Commission will fully leverage the role of the inter ministerial joint meeting system, further strengthen overall coordination, work with relevant departments to increase policy support, and accelerate the landing of various types of funds. At the same time, we will strengthen the guarantee of factors, coordinate and solve problems in a timely manner, guide and drive enterprises and all sectors of society to participate widely, and promote large-scale equipment updates and the work of exchanging old for new consumer goods to achieve greater results Li Chao said. (Lai Xin She)