On July 25th, the National Development and Reform Commission and the Ministry of Finance issued a notice on "Several measures to support large-scale equipment renewal and trade-ins of consumer goods", which proposed to arrange about 300 billion yuan of ultra-long-term special national debt funds to support large-scale equipment renewal and trade-ins of consumer goods. Analysts believe that the current round of trade-in policy is aimed at stimulating domestic demand, thus it may have a more positive and optimistic comprehensive landing effect on this round of policy and potential supplementary policies. Currently, the household appliance industry is at the bottom of its valuation, and the subsidy landing is expected to bring about a reversal in domestic sales. The sector's fundamentals and valuations are expected to improve.
3000亿元支持“两新” 家电行业景气度有望进一步上行
300 billion yuan support for "new economy" industries, household appliance industry's business climate is expected to further improve.
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