Xu Xingfeng, the director of the Consumer Promotion Department of the National Ministry of Commerce, stated at a special news conference held by the National Development and Reform Commission that 24 regions have already introduced policies to subsidize the replacement of automobiles and 20 regions have introduced special documents for the replacement of old household appliances with new ones. As of yesterday noon (25th), the Automobile Replacement Information Platform has received 0.364 million applications for automobile scrapping and renewal subsidies, with a daily increase of over 0.01 million.

In the first half of this year, the nationwide scrap automobile recovery volume was 2.778 million vehicles, up 27.6% year-on-year. In May and June, the monthly scrap automobile recovery volumes nationwide increased by 55.6% and 72.9% respectively year-on-year.