The subsidy for exchanging old cars for new ones has increased! Thanks to the policy upgrade, the subsidy for cars and home appliances has been significantly increased, and many consumers plan to replace their cars or purchase new home appliances as soon as possible. The subsidy of real gold and silver injects new vitality into the summer consumer market. Scrap old cars and purchase new energy and fuel vehicles, with subsidy standards increased from 10000 yuan and 7000 yuan per vehicle to 20000 yuan and 15000 yuan respectively; Purchase 8 types of household appliances such as refrigerators and washing machines that meet energy and water efficiency standards of level 2 or above, and the subsidy will be increased to 15% of the selling price. Not long ago, the National Development and Reform Commission and the Ministry of Finance issued the "Several Measures on Strengthening Support for Large scale Equipment Renewal and Consumer Goods Trade in", proposing to make overall arrangements for about 300 billion yuan of ultra long-term special treasury bond funds to vigorously support the renewal. A series of practical measures, from significantly expanding the scope of support, adding key areas such as old elevators and home appliances, to significantly increasing subsidy standards and strengthening subsidies for key areas to be updated and renewed, to significantly optimizing organizational methods and allowing discounts to be directly enjoyed, are conducive to further enhancing corporate investment and residents' willingness to consume. The equipment, automobile, home appliance and other markets have a large comprehensive volume, strong driving effect, and huge upgrading potential. Implementing equipment updates and exchanging old for new consumer goods is conducive to promoting consumption, driving investment, and enhancing economic vitality. Since the issuance of the "Action Plan for Promoting Large scale Equipment Renewal and Consumer Goods Trade in", the investment in equipment, tools and instruments procurement in China increased by 17.3% year-on-year in the first half of this year, and the amount of motor vehicle recycling in China increased by 24.8% year-on-year. It should also be noted that the foundation for the comprehensive recovery of the current consumer market still needs to be continuously consolidated, and there are still some difficulties and obstacles in promoting updates and replacements. To leverage the market, it is necessary to accelerate the release of policy dividends. According to statistics, the annual market size of equipment updates in China will exceed 5 trillion yuan. Taking old elevators as an example, currently there are about 800000 elevators in China with a service life of over 15 years, and problems such as high failure rates and poor operational reliability affect people's daily lives. In the past, when replacing elevators, funds were often raised through the use of community public revenue, self financing by homeowners, government subsidies, and other means. "Many people stopped working when they talked about paying," he said. Including the renovation of old elevators in the scope of support this time can help more people solve urgent problems and worries. Therefore, it is necessary to make good use of policies according to local conditions and effectively enhance the sense of gain of the masses. The power of the supply side ultimately depends on the response of the demand side. For enterprises and residents, whether it is replacing operating ships, trucks, or updating tractors and private cars, it depends not only on whether the replacement is expensive, but also on the quality of the product. On the one hand, we need to implement subsidies well and bring tangible benefits to people; On the other hand, we should also vigorously promote green, intelligent, and age friendly products such as water purifiers, floor cleaning robots, and health monitoring equipment to make life better. Ensuring that things are useful and value for money is essential for supply to better drive demand and create a higher level of dynamic balance between supply and demand. In order for the special treasury bond to play a special role, both the central and local initiatives must be brought into play. Recently, relevant departments have clarified that the subsidy for scrapping and updating automobiles will be retroactively implemented, and the subsidy difference will be made up to eligible consumers who have already received the subsidy. Facing the differences between existing policies and new policies, making good connections can help facilitate a smooth and orderly transition. Next, relevant departments will strengthen supervision and guidance according to their respective responsibilities, and support methods will be determined based on different needs in each region. At the same time, guarantee work such as recycling and disposal will be done well, which can make the update and replacement chain shorter, lower in cost, and better in experience. The Decision of the Third Plenary Session of the 20th Central Committee of the Communist Party of China proposed to accelerate the cultivation of a complete domestic demand system. Strengthening policy coordination and work synergy, connecting production, recycling, and utilization links, mobilizing the enthusiasm of enterprises, platforms, and associations, gradually establishing an effective mechanism of "easier to remove old and more willing to replace new", will surely achieve a win-win situation of promoting the economy, benefiting enterprises, and benefiting the masses, and effectively expanding domestic demand. (New Society)