New trade-in policy becomes effective

Shenzhen consumers will receive a maximum 2,000 yuan for a new item of home appliances they swap for the old one under the latest trade-in policy jointly released by the Ministry of Commerce and three other Central Government departments.

A salesperson of a homeware store introduces kitchenware to customers. File photo

The national policy for the old-for-new appliance exchange clearly specifies the types of products eligible for subsidies, which include eight categories: refrigerators, washing machines, televisions, air conditioners, computers, water heaters, household stoves, and range hoods.

The new round of the old-for-new program allows each consumer to receive a subsidy for one item per product category, with a maximum subsidy of 2,000 yuan per item.