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300 billion yuan in national support! Four departments are calling for you to receive updated subsidies

Since the launch of large-scale equipment updates and the trade in of consumer goods, it has received widespread attention from all sectors of society. The "Several Measures on Strengthening Support for Large scale Equipment Renewal and Consumer Goods Trade in" was recently issued. The National Development and Reform Commission held a special press conference, and relevant officials from the National Development and Reform Commission, the Economic Construction Department of the Ministry of Finance, the Consumption Promotion Department of the Ministry of Commerce, and the Quality Supervision Department of the State Administration for Market Regulation introduced the relevant situation——

Overall arrangement of about 300 billion yuan of ultra long term special treasury bond bond funds, "three large scale" additional support

National Development and Reform Commission:

The content of enhanced support can be summarized as "three major areas".

Firstly, significantly expand the scope of support.

● In terms of equipment renewal, 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, the scope of ultra long term special treasury bond support will be extended to equipment renewal in the fields of energy and power, old elevators, and other fields, as well as energy conservation, carbon reduction, and safety transformation in key industries.

● In the aspect of trade in of consumer goods, learn from the mature experience and practice of some regions, and incorporate the replacement and renewal of personal consumers' passenger cars, the replacement and renewal of household appliances and electric bicycles, the purchase of goods and materials for the renovation of old houses, kitchen and bathroom renovation, and the aging renovation of homes into the scope of ultra long term special treasury bond funds, so as to better meet the needs of residents for consumption upgrading and constantly improve the quality of life of residents.

Secondly, significantly optimize the organizational structure.

This time, about 300 billion yuan of ultra long term special treasury bond bond funds were allocated, including equipment renewal and consumer goods trade in.

In terms of equipment updates, nearly 150 billion yuan has been allocated, with a current estimate of approximately 148 billion yuan to support equipment updates. Fully consider the characteristics of different fields and types of projects, lower the threshold for fund application, and effectively support equipment updates and technological transformations with small individual scales but large quantities and wide coverage. At the same time, simplify the project application and approval process, and effectively improve work efficiency.

● In terms of 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 trade in of consumer goods. Unlike traditional support methods such as investment subsidies, this time funds are directly allocated to local governments, giving them greater autonomy. While meeting the overall requirements of the "two new" policy, local creativity is fully utilized, which is also conducive to quickly and conveniently delivering these real benefits directly to consumers.

Thirdly, significantly increase the subsidy standards.

The "Several Measures on Strengthening Support for Large scale Equipment Renewal and Consumer Goods Trade in" further increases the subsidy for key areas of renewal and trade in.

For example, in terms of car scrapping and renewal, the subsidy standards for eligible cars have been 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, both of which have doubled or more. In terms of financial subsidies for equipment renewal loans, the central government will increase the subsidy ratio for equipment renewal loans to eligible business entities from 1 percentage point to 1.5 percentage points.

In addition, the "Several Measures" have clarified the subsidy standards for the scrapping and renewal of old operating vehicles and ships, agricultural machinery, new energy buses, and power batteries, which have been significantly increased compared to before.

Especially for household appliances that consumers are very 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.

Optimize the sharing ratio between the central and local governments to alleviate the pressure on local fiscal expenditures

treasury department:

The subsidy funds for the scrapping and updating of automobiles, old operating trucks, new energy buses and power batteries, and home appliances are shared by the central and local governments in accordance with the overall 9:1 principle. The central government bears 85%, 90%, and 95% of the subsidy funds for the eastern, central, and western regions, respectively.

Next, please formulate specific implementation plans as required, conscientiously fulfill the main responsibilities of project and fund management, effectively manage and make good use of subsidy funds, and not use them for balancing budgets, repaying government debts, "three guarantees" expenditures, etc., to ensure that the policy of "real money and silver" is implemented and effective as soon as possible.

Cancel the requirement of "total project investment of over 100 million yuan" and encourage more enterprises to implement equipment updates

National Development and Reform Commission:

On the basis of adhering to respecting market laws and better playing the role of the market, we will provide more real money and silver to support the "two new" work and encourage more enterprises to implement equipment updates. Specifically, 'strengthening' is mainly manifested in four aspects: 'increasing scale, lowering threshold, expanding scope, and simplifying processes'.

One is to increase the scale.

In response to the funding shortage faced by some enterprises, the total amount of funds raised this time is about 300 billion yuan, of which nearly 150 billion yuan is for equipment updates. The National Development and Reform Commission, in conjunction with relevant departments, will fully leverage the pulling and driving role of central funds to support more enterprises in implementing equipment upgrades.

The second is to lower the threshold.

In response to the high threshold for applying for equipment renewal projects in industrial and other fields, as well as the difficulty of meeting the requirements for small and medium-sized enterprise projects, the requirement of "total project investment of more than 100 million yuan" has been cancelled, and the project application conditions have been optimized to benefit more small and medium-sized enterprises with supportive policies.

The third is to expand the scope.

With the deepening of the "two new" work, we continue to expand the scope of support. This time, we proposed to include equipment renewal in the fields of old elevators, energy and power into the scope of ultra long term special treasury bond support. At present, there are about 800000 elevators in China with a service life of over 15 years, of which about 170000 elevators have a service life of over 20 years. The number of old elevators that have exceeded their service life will continue to rise, and the public's feedback on the high failure rate and poor operational reliability of old elevators is also increasing. In this regard, we will include the renovation of old elevators in the scope of support, accelerate the renovation and improvement, enhance the safety and reliability of equipment, and effectively carry out public welfare projects that affect the interests of the people. Next, we will dynamically adjust the support range for device updates in a timely manner based on the actual situation.

Four is the Jane process.

Equipment update points are wide, some projects are small in scale, and the capital release process is relatively complex. In order to further provide accurate and effective financial support, the national development and Reform Commission and relevant departments have fully optimized the specific methods and processes. According to the characteristics of different types of projects, the national development and Reform Commission will adopt the methods of "bundling declaration, bundling release", "local audit and national review" to simplify the project application and approval process, effectively improve the efficiency of work, Let the real policies be transmitted to enterprises and the masses as soon as possible.

In addition to the ultra-long-term special national debt funds, the central government has allocated 27.5 billion yuan to support the increase of the discount rate of equipment renewal loans and the implementation of the policy of recycling and disposal of waste electrical and electronic products.

treasury department:

About equipment renewal loan discount policy.

The central government will allocate 20 billion yuan to promote the implementation of the discount policy through "one plus one, one mention and one merit.

One is to increase support, increase the proportion of discount. The central government's interest rate discount ratio has increased from 1 percentage point to 1.5 percentage points. Through fiscal "addition", in exchange for the "subtraction" of corporate financing costs ".

The second is to improve the timeliness of the policy and advance the discount funds. The central finance pre-allocates discount funds to the provincial finance, and the provincial finance pre-allocates discount funds to the bank on a quarterly basis, which the bank deducts directly when collecting interest, and the operating entity can directly enjoy preferential credit interest rates.

The third is to optimize the discount process, so that the business entity less run. In the application of discount funds, the business entity only needs to connect with the bank, and the bank, industry competent department and financial department are specifically responsible for the declaration, examination, interest settlement and other matters, so as to serve the business entity quickly and conveniently.

Policy on the recycling of waste electrical and electronic products.

In 2024, the central government will set up a special fund with a budget of 7.5 billion yuan to support the promotion of large-scale recycling.

Give support to enterprises to carry out the recycling of waste electrical appliances in that year, and actively guide the technological progress and innovative development of the resource comprehensive utilization industry;

At the same time, appropriate arrangements for funds to solve the previous year's waste electrical and electronic products disposal fund stock gap, to promote the smooth development of the industry, the orderly transition of policies. In order to stabilize the industry's expectations, the special funds are tentatively scheduled to continue to support the recycling of five products: televisions, refrigerators, washing machines, air conditioners, and computers.

After the implementation of the above policies, it is expected that more than 80 million sets of environmentally friendly and standardized dismantling of waste electrical and electronic products will be guided each year.

Pay close attention to the release of support funds, promote the increase in support of the "two new" policy measures as soon as possible to achieve results.

National Development and Reform Commission:

One is to pay close attention to the release of support funds.

The 150 billion yuan fund to support the trade-in of local consumer goods and the first batch of about 50 billion yuan to support equipment renewal projects that have been approved will be issued in the near future. In the next step, on the basis of the preliminary work, we will further speed up the work progress, organize a new batch of equipment renewal projects to apply for review, and plan to issue all "two new" funds of about 300 billion yuan by the end of August.

The second is to effectively strengthen supervision and management.

The National Development and Reform Commission has studied and formulated measures for the management of ultra-long-term special government bonds to support the "two new" funds, clarified the management regulations of the whole chain, consolidated the responsibilities of all parties, and established a long-term mechanism to ensure that the funds are truly used for the "two new" work. At the same time, the guidance urged all regions to strictly manage funds, so that special funds are used for special purposes, and to prevent misappropriation and misappropriation. For fraudulent subsidies, subsidies and other violations of laws and regulations, will be dealt with seriously with the relevant departments in accordance with laws and regulations.

Three is to carry out timely supervision and policy evaluation.

The National Development and Reform Commission will work with relevant departments to strengthen supervision and guidance on project implementation and the use of funds, organize local governments to carry out self-examination and self-evaluation, and promote the implementation of various policies. Before the end of the year, we will solidly carry out the evaluation of the "two new" policies, further sum up experience and practices, promote the improvement of policies and measures, and ensure that this work achieves tangible results.

The fourth is to continue to do a good job of publicity and guidance.

The "two new" work is related to the rights and interests of many enterprises and consumers, so it is very important to do a good job in publicity and interpretation and let relevant parties understand the preferential policies. After the press conference, the National Development and Reform Commission will also work with relevant departments to guide local governments to publicize specific policies in a timely manner, and actively respond to the concerns of all sectors of society on the "two new" work. We will redouble our efforts to implement this work, so that the people and business entities can effectively obtain policy support.

What are the standards for consumers who have previously applied for subsidies for car scrapping and renewal?

Ministry of Commerce:

For individual consumers who scrap old cars and buy new cars in accordance with the requirements of the detailed rules for the implementation of subsidies for car trade-in, the subsidy standard will be increased from 10000 yuan for the purchase of new energy passenger cars and 7000 yuan for the purchase of fuel passenger cars to 20000 yuan and 15000 yuan respectively.

For consumers who submit eligible subsidy applications from the date of issuance of the "Detailed Rules for the Implementation of Auto Trade-in Subsidies", that is, April 24, the adjusted subsidy standards shall be implemented; for consumers who have already received subsidies, the difference shall be made up. Part of the subsidy.

How to safeguard the rights and interests of consumers in the trade-in of consumer goods?

General Administration of Market Supervision:

The General Administration of Market Supervision attaches great importance to the formulation of standards, product quality and safety, and price supervision in the trade-in of consumer goods, and protects consumer rights in accordance with the law.

The first is to speed up the formulation of quality and safety standards for consumer goods.

The action plan for upgrading traction equipment and replacing old consumer goods with new ones formulated by seven departments, including the General Administration of market supervision and the national development and Reform Commission, proposes to revise 294 key national standards this year and next, and accelerate the formulation of 115 quality and safety standards for consumer goods in the fields of electric vehicles, household appliances, household appliances and emerging consumption. At present, 55 standards have been issued, including more than 20 consumer quality and safety standards, including household appliances safety, furniture structure safety and hazardous substance limits, intelligent network vehicles, civilian drones, consumer quality classification and other standards to further promote the improvement of consumer goods Quality and safety level.

Two is to urge the production and sales units to implement the main responsibility.

Last year, the General Administration of Market Supervision promulgated regulations on the supervision and management of the main responsibility of quality and safety for industrial product production and sales units. This year, we have formulated and implemented the quality and safety risk control list of 30 kinds of consumer goods, such as electric bicycles and household gas stoves, as well as the product quality and safety risk control list of wholesale, retail and online sales units.

In the next step, the General Administration of Market Supervision will focus on the production and sales units of key consumer goods for trade-in, urge them to establish and improve the quality and safety management system, and be equipped with quality and safety directors and quality and safety officers as required, and implement "daily control, weekly inspection, and monthly scheduling" in strict accordance with the list. Work to ensure that consumers are provided with products that meet quality standards.

The third is to strengthen the supervision of the quality and price of key consumer goods.

In 2024, the General Administration of Market Supervision will conduct national supervision and spot checks on product quality for a variety of consumer goods in 120, such as household appliances, decoration materials, electric bicycles, gas appliances, etc., focusing on e-commerce, urban-rural junctions and other fields.

In the next step, we will continue to strengthen the quality supervision and spot check of key consumer goods, and seriously deal with the production and sales units of unqualified products found in the spot check according to law. Focus on strengthening the quality and safety risk monitoring of key consumer goods, improve the quality and safety early warning capabilities, and timely detect and dispose of emerging risks. Comprehensive use of supervision and spot checks, risk monitoring, supervision and inspection, compulsory product certification, recall management, case investigation and other measures to severely crack down on the production and sale of fake and shoddy products, and provide a solid quality guarantee for the trade-in of consumer goods. At the same time, with regard to the sale of goods in trade-in, the General Administration of Market Supervision will, in accordance with the provisions on clearly marked prices and the prohibition of price fraud, supervise the prices of daily goods on the same basis, maintain the order of market prices and safeguard the legitimate rights and interests of consumers.

Information source: China Government website

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