Cao Kedi, a second-level inspector at the Guangxi Zhuang Autonomous Region Department of Commerce, introduced that since the beginning of this year, Guangxi has fully implemented a policy of replacing old consumer goods with new ones, providing subsidies of up to 20,000 yuan for Autos (in RMB, the same below), 2,000 yuan for household appliances, and 500 yuan for electric bicycles. Since the policy was implemented, over 3.45 million consumers in Guangxi have participated in the activities, and 5,000 companies have achieved sales exceeding 22.9 billion yuan.