New Policies Aim to Stimulate Equipment Updates and Consumer Goods Trade-Ins
The recent fourth meeting of the Central Financial and Economic Commission has highlighted the importance of promoting a new round of large-scale equipment updates and consumer goods trade-ins to drive long-term development in machinery and equipment sectors. The focus is on reducing logistics costs, enhancing core competitiveness, and improving economic efficiency.
According to a research report from Huaan Securities, the meeting emphasized the need for large-scale technological transformation in equipment updates, with a focus on green, high-end, intelligent, and safe products. Industries such as machine tools, industrial robots, automation equipment, and intelligent logistics equipment are expected to benefit from the development of intelligent manufacturing.
Furthermore, the conference encourages the replacement of old consumer goods with new ones to drive updates in traditional consumer equipment like automobiles, home appliances, and electronics. The dismantling, recovery, and recycling of waste equipment are also highlighted as key areas for energy conservation and environmental protection.
Guojin Securities’ research report suggests that these updates and trade-ins will use investment and consumption to drive economic growth and increase terminal demand. By focusing on the domestic market, the goal is to strengthen domestic productivity advantages and stimulate the release of domestic demand through end consumption.
Dongguan Securities’ analysis focuses on specific sectors such as machine tools and industrial robots, expecting an increase in demand as the economy stabilizes and consumption scenarios expand. Policies and incentives are expected to further accelerate the update and replacement process, leading to advancements in high-end technology and automation.
Overall, the new policies aim to drive development in machinery and equipment sectors by encouraging updates, replacements, and technological transformations while stimulating consumer demand for a more sustainable and efficient economy.