The third batch of trade-in funds of consumption goods in China for 2025 will be issued in July, Li Chao, Deputy Director of the Policy Research Office of the National Development and Reform Commission (NDRC), announced. This initiative aims to promote the renewal and upgrading of consumption goods and inject more vitality into the market. He emphasized adhering to the principles of "timeliness" and "balance" in formulating monthly and weekly plans for the use of national subsidy funds to ensure orderly implementation of the policy throughout the year.Related NewsSpot USD/CNY Gains 29 bps to Close at 7.1684