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The National Development and Reform Commission held a special press conference on September 25 to introduce the progress and typical practices of the trade-in action of consumer goods. Wen Hua, deputy director of the Department of Resource Conservation and Environmental Protection of the National Development and Reform Commission, said that the 150 billion yuan of ultra-long-term special treasury bonds to support the trade-in of consumer goods have all been distributed to local governments in early August.
The picture shows the scene of the press conference reporter Ouyang Jianhuan/photo
Talking about whether there will be an increase in the amount of national bonds and the expansion of subsidy categories, Wenhua said that on the basis of making every effort to implement the existing policies, he will carry out the evaluation of policy effects, summarize and continue good experience and practices, do a good job in the research and reserve of incremental policies, and truly do a good job and do a good job.
The scale of capital expenditure to support the trade-in of automobiles has reached nearly 11 billion yuan
Wenhua said that with the approval of the State Council, the National Development and Reform Commission and the Ministry of Finance issued 150 billion yuan of ultra-long-term special treasury bond funds to local governments to support the implementation of trade-in of consumer goods in accordance with local conditions, and at the same time greatly increased the subsidy standards in key areas, so that more "real money" can reach consumers directly.
For example, he introduced that in the field of automobiles, for the scrapping and renewal of eligible cars, the purchase of new energy passenger vehicles can be subsidized by 20,000 yuan, and the purchase of fuel passenger cars can be subsidized by 15,000 yuan. As of September 24, the subsidy applications approved by the national car trade-in platform have been approved by the corresponding treasury bond fund expenditure scale of nearly 11 billion yuan. In addition, 24 regions such as Chongqing, Beijing, Tianjin, Shanghai, and Jiangsu have also introduced policy measures to support car replacement and renewal (that is, selling the old and buying the new), and the replacement and renewal can enjoy a subsidy of up to 18,000 yuan.
Geng Hongzhou, a first-level inspector of the Department of Consumption Promotion of the Ministry of Commerce, introduced that as of 0:00 today (September 25), the national car trade-in information platform has received more than 1.13 million applications for subsidies for scrapping and updating automobiles, and the number of registered users on the platform has exceeded 1.68 million, and the number of subsidy applications has maintained a rapid growth trend.
In the field of home appliances, Wenhua introduced that the national home appliance trade-in information platform has been completed and operated stably, and all regions have strengthened their efforts to support the trade-in of household appliances to be fully launched, and major e-commerce platforms have also actively participated in subsidy activities. Individual consumers can get a subsidy of 15%-20% of the sales price for 8 types of household appliances such as refrigerators, washing machines, TVs, and air conditioners that meet the requirements. If some commodities are superimposed on the platform or the subsidy concession of the manufacturer, the preferential margin is greater, and consumers enjoy the real benefits.
Sales of key consumer goods increased significantly
Wenhua said that the 150 billion yuan of ultra-long-term special treasury bonds to support the trade-in of consumer goods have all been distributed to the local government in early August. Since the implementation of the policy for a period of time, the effect has gradually emerged, and under the pull of the policy, the sales of key consumer goods such as automobiles, home appliances, and home furnishings have achieved substantial growth.
According to Wenhua, first, automobile consumption has increased significantly. According to data from the China Automobile Dealers Association, in August, the retail sales of passenger cars nationwide were 1.905 million, an increase of 10.8% month-on-month; The retail sales of new energy vehicles were 1.027 million units, an increase of 17% month-on-month. The penetration rate of new energy vehicles reached 53.9%, exceeding 50% for two consecutive months. After September, the data continued to grow. From September 1 to 22, the national retail sales of passenger cars increased by 10% over the same period last month; Retail sales of new energy passenger vehicles increased by 7% from the same period last month.
Second, the sales of household appliances are obviously improving. According to the National Bureau of Statistics, the retail sales of household appliances and audio-visual equipment in the country turned from a decline to an increase, and the sales in August increased by 3.4% year-on-year. At the same time, the VAT invoice data of the State Administration of Taxation shows that from April to August, the sales revenue of the retail industry of household appliances such as refrigerators and the retail industry of household audio-visual equipment such as televisions increased by 2.4% and 5% year-on-year respectively, and the growth rate increased by 2.8 and 11.6 percentage points respectively compared with March. According to the monitoring data of third-party institutions, from September 2 to 15, the sales of Level 1 energy-efficient refrigerators, air conditioners, washing machines, gas stoves and TVs of retail enterprises nationwide increased by 27.1%, 135%, 22.4%, 49.7% and 220.9% year-on-year respectively. Overall, the data is very encouraging.
Third, the sales of furniture and sanitary ware retail products have increased significantly. From April to August, the sales revenue of furniture and sanitary ware retail increased by 8.9% and 12% year-on-year respectively, and the growth rate increased by 8.3 percentage points and 22.6 percentage points respectively compared with March.
"The trade-in policy of consumer goods has also indirectly stimulated the growth of investment and efficiency in related industries." Wenhua said that from January to August this year, investment in consumer goods manufacturing increased by 14.9% year-on-year. In August, the added value of the consumer goods manufacturing industry increased by 4.2% year-on-year, and the growth rate continued to accelerate compared with July. From the perspective of subdivisions, in August, the output of household washing machine products involving afterburner support for consumer goods trade-in policy increased by 7%, the output of smart TVs increased by 6.7%, and the output of household refrigerators increased by 4.7%, both investment, efficiency and output have achieved rapid growth.