On July 25th, the National Development and Reform Commission and the Ministry of Finance jointly issued the "Several Measures to Strengthen Support for Large scale Equipment Renewal and Consumer Goods Trade in" (hereinafter referred to as the "Several Measures"). "On the basis of the current 'two new' work pattern and policy system, the Several Measures will further increase support, strengthen the central and local linkage, and make it clear that the National Development and Reform Commission will take the lead in arranging about 300 billion yuan of ultra long-term special treasury bond funds to strengthen support for large-scale equipment renewal and consumer goods trade in." At the special press conference held on that day, Zhao Chenxin, member of the Party Group and Deputy Director of the National Development and Reform Commission, stated. Equipment updates drive investment growth. In March of this year, the State Council issued the "Action Plan for Promoting Large scale Equipment Upgrades and Consumer Goods Trade in", which comprehensively and systematically deployed the "two new" work. It is reported that the "two new" work has achieved positive results in the past four months. Equipment updates drive investment growth. In the first half of this year, the national investment in equipment and tools procurement increased by 17.3% year-on-year, contributing 54.8% to the overall investment growth and driving the overall investment growth by 2.1 percentage points Zhao Chenxin said that at the same time, exchanging old for new can stimulate consumer vitality. In the first half of the year, the retail sales of household appliances and audio-visual equipment by units above designated size (retail enterprises with annual main business income of 5 million yuan or more) increased by 3.1% year-on-year, accelerating the growth rate by 2.1 percentage points compared to the same period last year. He also mentioned that the recycling system is accelerating its improvement. In the first half of this year, 3160 new intelligent community waste material recycling facilities were added nationwide; The national motor vehicle recycling volume reached 3.074 million, a year-on-year increase of 24.8%. The 294 national standards proposed for revision in the next two years, which involve large-scale equipment updates and trade in of consumer goods, have all been approved. Among them, 55 standards in key areas such as equipment energy efficiency and electric vehicles have been released, and the rest are in the process of promotion and release Zhao Chenxin said that the improvement of the "two new" work standards will promote green transformation. Zhao Chenxin introduced that the subsidy for automobiles and household appliances has been significantly increased. Based on the current "two new" work, the "Several Measures" have greatly expanded the scope of support, optimized organizational methods, and raised subsidy standards. In terms of equipment renewal, the Several Measures, on the basis of equipment renewal and recycling in the original seven fields of industry, environmental infrastructure, transportation, logistics, education, culture and tourism, and medical care, expand the scope of ultra long term special treasury bond support to equipment renewal in the fields of energy, electricity, old elevators, and energy conservation, carbon reduction, and safety transformation in key industries. The 'Several Measures' have further increased the subsidy intensity for updating and replacing key areas Zhao Chenxin gave an example that in terms of car scrapping and renewal, the subsidy standards for eligible cars will be increased from the previous subsidy of 10000 yuan for purchasing new energy passenger vehicles and 7000 yuan for purchasing fuel passenger vehicles, to 20000 yuan and 15000 yuan respectively. For household appliances that consumers are concerned about, the "Several Measures" propose that individual consumers who purchase 8 types of household appliances such as refrigerators, washing machines, televisions, and air conditioners with energy efficiency or water efficiency standards of level 2 or above will be given a subsidy of 15% of the product sales price; An additional 5% subsidy will be given for purchasing products with energy efficiency or water efficiency standards of level 1 or above. Before the end of August, all the relevant funds were released, "The 300 billion yuan of funds raised this time, including equipment renewal and consumer goods trade in." Zhao Chenxin introduced that in terms of equipment renewal, nearly 150 billion yuan of ultra long-term special treasury bond funds were arranged to support equipment renewal; In terms of the trade in of consumer goods, about 150 billion yuan of ultra long term special treasury bond funds were directly allocated to local governments to support local governments to independently implement the trade in of consumer goods. Zhao Chenxin said that a fund of 150 billion yuan to support local consumer goods trade in, as well as about 50 billion yuan to support the first batch of equipment renewal projects, will be issued soon. The plan is to allocate all around 300 billion yuan of funds by the end of August. Zhao Chenxin mentioned that the National Development and Reform Commission is working hard to formulate the fund management measures for ultra long term special treasury bond to support the "two new", clarify the whole chain management regulations, compact the responsibilities of all parties, establish a long-term mechanism, and ensure that funds are really used for the "two new" work. At the same time, we will guide and urge all regions to strictly manage funds, ensure that they are used for their designated purposes, and strictly prevent misappropriation. For illegal and irregular behaviors such as subsidy fraud and embezzlement, we will work with relevant departments to handle them seriously in accordance with the law and regulations, "he said. (New Society)