Tuyere financial reporter Liu Xiao, according to Xinhua News Agency，Premier Li Qiang of the State Council chaired the executive meeting of the State Council on March 1.，Deliberation and adoption《Action plan to promote large-scale equipment renewal and trade-in of consumer goods》。The meeting put forward，In accordance with the requirements of the Party Central Committee's deployment，Stick to the market、Government guidance，Insist on encouraging the advanced、Eliminate backwardness，Adhere to standard guidance、Orderly promotion，Pay close attention to improving the plan，Carefully organize and implement，Promote the proportion of advanced production capacity to continue to increase，More high-quality durable consumer goods enter the lives of residents，Let this work benefit more enterprises and consumers.。

February 20，In a company in Fangzi District, Weifang City, Shandong Province，Workers are busy in the large-scale agricultural machinery production workshop.。Xinhua News Agency

Promoting consumption policies in key areas ahead of schedule

The meeting pointed out，Promote a new round of large-scale equipment renewal and replacement of old consumer goods.，It is an important decision made by the Party Central Committee with a view to the overall situation of China's high-quality development.。

The Central Economic Work Conference put forward，In order to improve technology.、Energy consumption、Emission and other standards are traction，Promote large-scale equipment renewal and trade-in of consumer goods。The fourth meeting of the Central Committee on Finance and Economics was held on February 23.，Important arrangements have been made to promote a new round of large-scale equipment renewal and the replacement of old consumer goods with new ones.。

The meeting emphasized，Large-scale equipment renewal and replacement of old consumer goods with new ones，It will strongly promote investment and consumption.，Both benefit the present、More beneficial in the long run。“At present, China's macro-economy is generally in the post-epidemic recovery period.，However, it still faces some difficulties and challenges.，Including insufficient effective demand，Residents' consumption and enterprises' willingness to invest are not strong.、Some industries have repeated layout and involution competition.。”Luo Zhiheng, chief economist of Yuekai Securities Research Institute, said.，Promote large-scale equipment renewal and consumer goods trade-in action，First, vigorously promote investment and consumption.，Boost demand and confidence；The second is to enhance advanced production capacity.、Eliminate backward production capacity，Speed up market clearing and price stabilization and recovery；The three is to accelerate industrial transformation and upgrading.，Promoting green and low-carbon development。

He thinks，From the perspective of industrial transformation and upgrading and green economic development，The stock equipment of enterprises and residents has a lot of room for renewal.，Promote the proportion of advanced production capacity to continue to increase，More high-quality durable consumer goods enter the lives of residents，Waste resources are recycled.，Both benefit the present、More beneficial in the long run。

Wang Qing, chief macro analyst of Dongfang Jincheng, also said in an interview with Tuyere Finance and Economics.，Promote large-scale equipment renewal and trade-in of consumer goods，First of all, it means that this year's consumption promotion policy will be launched ahead of schedule in key areas.，Help boost consumer demand，Promote the macroeconomic recovery in the first half of the year.。

In addition，Wang Qing thinks，Current car、Large durable consumer goods such as household appliances are at a critical stage of green transformation.。Focus on encouraging large-scale trade-in of these commodities.，It can not only promote high-quality durable consumer goods to enter the lives of residents faster.，Let more residents experience the sense of gain brought by industrial transformation and upgrading.，It can also provide driving force for the supply side to continue to accelerate the green transformation.，Consolidate China's technological leading edge in related fields。

December 26, 2023，Hyundai Diwanlun Construction Machinery Co., Ltd.，Workers produce excavators on the assembly line.。Xinhua News Agency

Increase finance and taxation、Financial and other policy support

For this reason，Deployment of the Executive Meeting of the State Council：In accordance with the requirements of the Party Central Committee's deployment，Stick to the market、Government guidance，Insist on encouraging the advanced、Eliminate backwardness，Adhere to standard guidance、Orderly promotion，Pay close attention to improving the plan，Carefully organize and implement，Promote the proportion of advanced production capacity to continue to increase，More high-quality durable consumer goods enter the lives of residents，Let this work benefit more enterprises and consumers.。

It is necessary to combine the differentiated needs of all kinds of equipment and consumer goods.，Increase finance and taxation、Financial and other policy support，Better play to energy consumption、Discharge、Traction of technology and other standards，Orderly promotion of equipment in key industries、Equipment in the field of construction and municipal infrastructure、Transportation equipment and old agricultural machinery、Renovation of educational and medical equipment，Actively develop automobiles、Consumer goods such as household appliances are replaced by new ones.，Form the scale effect of renewal.。

It is necessary to implement a comprehensive economy strategy.，Pay Close Attention to Establishing and Perfecting the Recycling System，Promote the remanufacturing of waste equipment，Improve the level of resource recycling。

Luo Zhiheng thinks，At present, enterprises and residents are not willing to take the initiative to update equipment and replace the old with the new.，Except that the equipment can still be used normally，Upgrading also requires an additional fee.。Therefore, it needs the coordinated support of fiscal and monetary policies.，Fully mobilize the enthusiasm of enterprises and residents through incentive measures。When it comes to the elimination of outdated equipment，Local governments and relevant departments should formulate scientific standards.，Orderly execution。

He suggested，To implement the accelerated depreciation of fixed assets、Tax and fee relief and other preferential policies，Expanding the scope of government green procurement，Increase support for government procurement。Jointly funded by the central and local governments，Use of subsidies、Trade-in、Points reward and other ways.，Guiding enterprises and residents to choose and buy。In view of the current problem of local financial constraints，The central finance should bear a larger proportion of subsidies.。In addition，It can also be re-lent through the central bank's special loans and fiscal discounts.，Increase support for medium- and long-term loans。

Wang Qing predicts，Large-scale equipment renewal，Fiscal policy will be introduced, including financial discount on loans.、Tax incentives such as income tax and value-added tax、Support measures such as accelerated depreciation；Monetary and financial policy will be in the special re-lending.、Credit delivery、And support related enterprises to issue green bonds and other aspects of support.。This will drive enterprises to increase investment in equipment renewal.，Help manufacturing investment to continue the momentum of rapid growth。

As for the trade-in of durable consumer goods,，Wang Qing believes that the central and local governments will provide a certain scale of financial subsidies.。In addition，Financial institutions will launch or upgrade related consumer loans，Relevant manufacturers will also introduce a number of preferential promotional measures.。