There have been recent rumors from multiple regions in mainland China regarding the suspension or adjustment of the "National Subsidy" for trade-in programs, the Securities Times reported.

In response, relevant national authorities told a Chinese media outlet that China has earmarked RMB300 billion in ultra-long-term special government bonds for this year to support the trade-in of consumer goods. So far, a total of RMB162 billion has been allocated to local regions, while the remaining funds will be released in an orderly manner.

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This year's policy for the trade-in of consumer goods will be enforced throughout the year, and relevant departments are guiding local governments to use the "National Subsidy" funds smoothly and orderly to enhance the effectiveness of the policy.