According to the recent news from the Department of Commerce of Qinghai Province, the first subsidy for the latest standard car scrapping and renewal has been issued in Qinghai Province. According to statistics, as of now, Qinghai Province has successfully issued 1.99 million yuan in car scrapping and renewal subsidies to 116 consumers. The subsidy for exchanging old appliances for new ones in the province has also been synchronously distributed to consumers' personal accounts. As of now, a total of 363000 yuan has been applied for and distributed to 410 people. It is reported that since the launch of the national consumer goods trade in program, the business system of Qinghai Province has focused on the "energy exchange" of automobiles, the "intelligence exchange" of household appliances, and the "revitalization" of home decoration, kitchen and bathroom, and has made every effort to promote the deepening and implementation of the action to improve and expand consumer quality. Since the launch of the 2024 consumer goods trade in program in Qinghai Province on May 31, a total of 28.41 million yuan of central special funds and 35 million yuan of provincial special funds have been invested to fully launch the trade in program. Through a combination of "local recommendation+self registration+enterprise review", the three-level linkage of provinces, cities, and counties is fully committed to cultivating and strengthening the market entities of the trade in activity, focusing on government enterprise cooperation, and actively organizing the participation of commercial and trade circulation enterprises in the automotive, home appliance, and home decoration industries within the province in the activity. It is understood that the trade in program for consumer goods in Qinghai Province covers three major areas: automobiles, home appliances, and home decoration. This subsidy involves the replacement of scrapped cars and the exchange of old appliances for new ones. Among them, the subsidy for scrapping and updating automobiles shall be issued in accordance with the latest subsidy standards released by the state on July 25th. For gasoline passenger vehicles registered and scrapped before June 30, 2011 (inclusive), diesel passenger vehicles registered and scrapped before June 30, 2013 (inclusive), and other fuel type passenger vehicles, and for the purchase of new energy passenger vehicles included in the "Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax" or 2.0-liter and below displacement fuel passenger vehicles, the subsidy standards will be increased to 20000 yuan and 15000 yuan respectively. At least double the policy released by the country on April 25th. The relevant person in charge of the Qinghai Provincial Department of Commerce stated that after the implementation of the new policy of exchanging old for new consumer goods, Qinghai Province has intensified the formulation of relevant supportive policies. At present, the Provincial Department of Commerce is actively communicating and connecting with the Provincial Development and Reform Commission and the Provincial Department of Finance, and will continue to coordinate the use of central and local special funds in accordance with the latest standards, and strengthen support for automobile scrapping and renewal, automobile replacement and renewal, new car purchase, electric bicycles and electric bicycle battery purchase, home appliance trade in, home decoration trade in, etc. For applications that have already been issued but are not in line with the new subsidy standards, the Provincial Department of Commerce will do a good job in preventing and controlling financial risks while supplementing the differences in order. At the same time, we will increase efforts to promote the policy of exchanging old for new consumer goods, produce a "one picture understanding" and a series of promotional posters, further promote policy interpretation into enterprises, commercial districts, communities, and rural areas, increase public participation and awareness, and promote the policy to achieve practical results. (New Society)