Li Qiang chaired a meeting of the State Council's Executive Meeting, which decided to support the scrapping and renewal of old operating ships and trucks, increase the subsidy standards for updating agricultural machinery, new energy buses, etc., and increase the financial discount ratio for equipment renewal loans. Support localities in enhancing the ability to exchange old consumer goods for new ones, increase the subsidy intensity for scrapping and updating autos and appliance products, and implement policies to support the recycling and treatment funds for waste electrical and electronic products. To create a good market environment, treat all enterprises with different ownership and registration equally, ensure that policies are implemented in practice. (CCTV News)
国常会：加大汽车报废更新、家电产品以旧换新补贴力度
National Development and Reform Commission meeting: Increasing the scrappage subsidy for autos and appliance products in exchange for old ones.
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