“The Measures” proposes 33 measures in nine areas. The details are as follows:

1. Encourage automobile consumption through these four measures.

The first is to expand automobile consumption. On the one hand, it is to issue new car consumption vouchers to provide subsidies to individual consumers who have newly purchased eligible cars in the form of consumption vouchers. On the other hand, it is to provide financial support to new energy vehicle retail enterprises that have achieved a certain scale and growth rate of sales revenue in the first quarter.

The second is to accelerate the renewal of old vehicles, mainly to guide the orderly phasing out and withdrawal of old vehicles.

The third is to activate the second-hand car market through measures such as nurturing and expanding a number of leading enterprises in the second-hand car circulation industry.

The fourth is to increase financial support for automotive consumption and encourage financial institutions to optimize financial products and services related to automotive consumption.

2. Encourage household appliances consumption. The consumption is stimulated mainly through these two initiatives.

The first is to increase the consumption of green household appliances, mainly by issuing consumption vouchers and providing subsidies to consumers who have purchased green household appliances.

The second is to strengthen the recycling and reuse of waste household appliances, encourage household appliance production enterprises to carry out waste product recycling, and guide postal and express logistics enterprises to reduce the cost of personal delivery and recycling of second-hand household appliances.