The pace of leading the “old for new” movement is accelerating. On March 6, Zheng Hajie, director of the National Development and Reform Commission, said that recently, the National Development and Reform Commission, together with relevant departments, formulated the “Action Plan to promote large-scale equipment renewal and consumer goods to replace old with new” (hereinafter referred to as the “action plan”), focusing on the implementation of equipment renewal, consumer goods to replace old with new, recycling, and standard improvement “four actions”. Taking equipment renewal as an example, with the in-depth promotion of high-quality development, the demand for equipment renewal will continue to expand, and it is preliminarily estimated that it will be a huge market with an annual scale of more than 5 trillion yuan.

FC4A-J8C1  “Old for new” can not only stimulate demand through “new” and promote the double upgrading of consumption and industry, but also form a closed loop with “old” and smooth the resource recycling chain. In addition to directly benefiting the equipment manufacturing industry and durable consumer goods industry, “new” also includes related parts suppliers, logistics service providers, after-sales service providers, etc.; “Collecting old” will benefit waste materials recycling, dismantling, reuse and other links. With the development of circular economy, the related renewable resources processing and utilization, environmental protection equipment manufacturing, waste treatment and disposal industries will also usher in development opportunities.

We will promote double upgrading of consumer industries

FC4A-J8C1  At the end of last year, the Central Economic Work Conference in the “focus on expanding domestic demand” work deployment, it was proposed that “to improve technology, energy consumption, emissions and other standards as traction, to promote large-scale equipment renewal and consumer goods to replace the old.” Since the beginning of this year, the fourth meeting of the Financial and Economic Commission of the CPC Central Committee and the recent “Action Plan” reviewed and adopted by the executive meeting of The State Council have emphasized the “old for new”.

At the press conference, Zheng Zhajie further pointed out on the “action plan” that the “old for new” will focus on the implementation of equipment renewal actions, focusing on seven areas such as industry, agriculture, construction, transportation, education, cultural tourism and medical care. We will focus on energy conservation and carbon reduction, ultra-low emissions, safe production, digital transformation, and intelligent upgrading, and promote the upgrading of equipment in key industries. At the same time, it will combine the promotion of urban renewal and the renovation of old residential areas, promote the upgrading of equipment in the field of construction and municipal infrastructure, support the renewal of transportation equipment and old agricultural machinery, promote the upgrading of equipment in education, cultural tourism, medical and other fields, and drive the production and application of more advanced equipment.

FC4A-J8C1

FC4A-J8C1  Implementation of the trade-in campaign for consumer goods. We will exchange old durable consumer goods such as automobiles, household appliances, and home appliances for new ones, phase out old automobiles that meet mandatory scrapping standards in accordance with law and regulations, encourage and support consumers to exchange old household appliances for energy-saving ones, and vigorously support efforts to upgrade homes suitable for aging.

In addition, recycling activities are implemented. To strengthen recycling, we will implement a comprehensive conservation strategy, establish a sound recycling system, strengthen the development of new models such as “renewal + recycling”, and smooth the recycling chain of resources. Implementation of standards improvement actions. Will standard the international advanced level, combined with the actual development of the industry, overall consideration of enterprise affordability and consumer acceptance, to play the role of energy saving, carbon reduction, environmental protection, safety, recycling and other standards, the formulation of the revision of the revision, to promote more Chinese products and equipment to high-end, intelligent, green development.

FC4A-J8C1  “Promoting large-scale equipment renewal and replacing old consumer goods with new ones is a major deployment made by the Party Central Committee and The State Council focusing on the overall situation of high-quality development, which can not only promote consumption and investment, but also increase advanced production capacity and improve production efficiency, but also promote energy conservation and carbon reduction, reduce security risks, benefiting the people and enterprises, and achieve multiple benefits with one stroke.” Zheng Zhajie said.

From the perspective of the “four major actions” proposed in the “Action Plan”, “old for new” can not only stimulate demand through “new” and promote the double upgrading of consumer industries, but also form a closed loop with “old” and smooth the resource recycling chain. Specifically to industrial development, Wang Peng, an associate researcher at the Beijing Academy of Social Sciences, pointed out that in addition to directly benefiting the equipment manufacturing industry and durable consumer goods industry, “new” also includes related parts suppliers, logistics service providers, after-sales service providers and so on. At the same time, the promotion and application of new equipment may also drive the development of related software and information technology services.