"I've been keeping an eye on it for a long time, and I took advantage of the holiday promotion to make the purchase," said Ms. Cui, who just placed an order for a combined washing and drying drum washing machine at an appliance store in Beijing's Daxing District. She told the reporter that the National Day promotion, coupled with the old-for-new subsidy, made the price very affordable.

During the National Day holiday, a series of promotional activities were actively carried out across the country to meet consumers' diverse shopping needs. Among them, the old-for-new policy for consumer goods became the main focus of the promotion.

The old-for-new policy continues to stimulate market vitality

During this year's National Day holiday, under the continuous efforts of policies such as old-for-new for home appliances and furniture, and the issuance of catering consumption vouchers, the Shanghai consumer market was particularly active. Data released by the Shanghai Municipal Commission of Commerce on October 8 shows that the old-for-new policy for home appliances and furniture had a significant driving effect, with an average daily sales subsidy of 54.07 million yuan for eight categories of home appliances, a 140.0% increase compared to before the holiday. Home furnishings, home decoration, and elderly-friendly product subsidies had an average daily sales of 23.14 million yuan, a 228.7% increase compared to before the holiday.

Data from the Beijing Municipal Bureau of Commerce shows that the old-for-new policy for home appliances continues to gain momentum, with key support for eight categories of home appliance products such as refrigerators, washing machines, and TVs, with about 60,000 orders placed during the holiday.

During the holiday, the Shaanxi consumer market was rich in festive atmosphere. Monitoring data shows that 570 retail and catering sample enterprises in the province sold 2.684 billion yuan during the holiday. Especially since the launch of the old-for-new consumer goods activity, home appliance subsidies have driven 510 million yuan in home appliance consumption, with home appliance products growing by 24.99% year-on-year, becoming an important engine for driving holiday consumption.

Jiangsu Province focuses on four key industries, including home appliance renewal and service consumption, and has carried out more than 600 consumer promotion activities around the theme of "Jiangsu New Consumption · Golden Autumn Benefits Purchase", including more than 200 old-for-new activities. As of October 7, the special old-for-new activity for green energy-saving home appliances in Jiangsu Province has accumulated sales of 3.192 billion yuan and 576,900 units, with a government subsidy of 544 million yuan. Among them, county stores had sales of 956 million yuan and a government subsidy of 179 million yuan, further activating consumption in the sinking market.

In Fujian, localities across the province have accelerated the implementation of old-for-new support policies, continuously expanding and improving the merchants and products involved, providing real cash discounts directly to consumers, and leading consumption during the National Day holiday. Data from the Fujian Provincial Department of Commerce shows that as of October 7, the old-for-new section of the UnionPay Cloud Quick Payment in the province had more than 3.6 million visits, with 90,000 users receiving subsidies.

The auto "renewal" market is booming in both supply and demand

Data from the State Administration of Taxation's value-added tax invoices show that during the National Day holiday, the old-for-new subsidy policy lowered the threshold for consumers to purchase cars. Automakers introduced discounts, car purchase concessions, and car purchase gift packs, further boosting the auto market to a consumption boom. The national second-hand car sales volume increased by 65.9% year-on-year, the new car sales volume increased by 11.7% year-on-year, and the new energy car increased by 45.8% year-on-year.In Guangdong, the multi-layered car purchase subsidy优惠政策, combining "government + auto show + car manufacturers + car dealers," has further stimulated the car consumption market. Data shows that during the National Day holiday, the old-for-new car replacement policy in Guangdong Province drove sales of 43,772 vehicles, with a total sales amount exceeding 10.349 billion yuan.

In Jiangxi, the enthusiasm for car consumption is equally high. During the Autumn Auto Exhibition in the central urban area of Yichun City, more than 50 car brands and over 400 models were exhibited, attracting more than 50,000 visitors and achieving a transaction amount of nearly 93 million yuan. According to the Ministry of Commerce's monitoring, from October 1st to 6th, the sales volume of key monitored car enterprises in Jiangxi Province increased by 8.2% year-on-year.

In Qinghai, the national and provincial support for the old-for-new consumer goods policy continues to gain momentum. From October 1st to 7th, the 28th Xining Evening News "Eleven" Auto Show was held at the Qinghai International Convention and Exhibition Center, where more than 60 brands and nearly a thousand models were showcased. Dealers seized the business opportunities of the old-for-new policy, and with various promotional activities, they achieved over a thousand car transactions on the first day of the opening, setting a new record for the annual auto show.

"Old-for-new not only promotes consumption but also promotes recycling. Specifically in the automotive field, the recycling of lithium batteries is a challenge, and old-for-new has ushered in the era of power battery recycling," said Pan Helin, a renowned economist and member of the Expert Committee on Information and Communication Economics of the Ministry of Industry and Information Technology. He suggested that as the policy deepens, the convenience of old-for-new and other preferential policies should be improved, encouraging businesses and consumers to make good use of the policies to achieve better results.

"At present, the supporting implementation details, funds, and policies for old-for-new consumer goods have been fully launched, and the retail volume of passenger cars has rebounded significantly, with the sales of home appliances turning from a decline to an increase. We need to increase the implementation of relevant policies to promote a continuous increase in commodity consumption," said Zheng Shanjie, the director of the National Development and Reform Commission, at a press conference held by the State Council Information Office on October 8th.