At the National Development and Reform Commission's June press conference, we learned about the situation regarding large-scale equipment renewal and consumer trade-ins of old for new. In addition to introducing electricity generation and consumption, recent policies, and upcoming activities, detailed explanations were also provided on issues such as economic operations, energy supply guarantees for the summer peak, and the construction of the social credit system. The action plan that has been officially issued established an inter-ministerial joint conference system to promote specific implementation. Localities have successively rolled out relevant implementation plans and are gradually implementing funding support policies.

On the basis of the completed policy system, localities have successively issued action plans covering equipment renewal, trade-ins of consumer goods, recycling, and standards upgrading. At this stage, every region has issued implementation plans for large-scale equipment renewal and trade-ins of consumer goods. At the same time, various departments are also making every effort to advance standards development and are gradually implementing funding support programs.

Through the joint efforts of numerous departments and regions, the work on large-scale equipment renewal and trade-ins of consumer goods has gotten off to a good start. Investment in various areas has shown a sound growth trend, and trade-ins are gradually emerging as a key factor driving consumption growth. At the same time, localities have also strengthened the construction of smart community recycling facilities, making the recycling system more robust.

Next, the National Development and Reform Commission will further leverage its coordinating role, strengthen the overall coordination mechanism, increase policy support, and accelerate the specific deployment of various funds. At the same time, it will also strengthen factor guarantees, actively guide enterprises and all sectors of society to participate widely, and push for more notable results in the work on large-scale equipment renewal and trade-ins of consumer goods.