Latest Update on National Subsidy Policy: Final Batch of 69 Billion CNY Subsidy Application Process Confirmed – No Extensions After Deadline

The national subsidy program remains active, contrary to rumors of early termination. As of December 5, the fourth batch of China’s "trade-in" consumer subsidies (officially termed "National Subsidy") is not only ongoing but entering its year-end push phase, with 69 billion CNY still available for application. Key details include:

1. **Final 69 Billion CNY Subsidy in Year-End Push** In 2025, the government allocated 300 billion CNY in ultra-long-term special treasury bonds for "trade-in" consumption stimulus, distributed in four batches: - Q1 (Jan–Mar): 81 billion CNY - Q2 (Apr–Jun): 75 billion CNY - Q3 (Jul–Sep): 75 billion CNY - Q4 (Oct–Dec): 69 billion CNY (currently disbursing).

By October, the first three batches totaling 231 billion CNY were nearly exhausted, making the fourth batch the year’s final opportunity. Coinciding with the "Double 12" shopping festival, this period is seen as the optimal window for purchasing appliances, electronics, vehicles, and home furnishings, with platform discounts, brand promotions, and subsidies creating triple savings.

2. **Coverage and Discounts: Up to 2,000 CNY per Item** The subsidy focuses on four categories: - **Appliances**: Max 2,000 CNY subsidy (e.g., 8K TVs, energy-efficient ACs, large refrigerators). - **Electronics**: Max 2,000 CNY (e.g., laptops, tablets, projectors). - **Smartphones**: Max 500 CNY (covers 5G flagships, foldables, iPhone 16 series). - **Home Furnishings**: Tiered subsidies (e.g., smart toilets, integrated stoves, furniture).

Applications are streamlined via JD.com (JD.com) by searching designated keywords, eliminating paperwork or queues.

3. **Quick Access via JD.com Keywords** - Appliances: Search "家电补贴140" or "国补降价330". - Electronics: Search "数码005" or "苹果好物300". - Smartphones: Search "手机005" or "苹果好物300". Pro tip: Save keywords in search history for one-click access later.

4. **Subsidy Depletion: 120 Billion CNY Remaining** Since November 1, daily subsidies averaged 2.3 billion CNY. As of December 4, ~57 billion CNY of the 69 billion CNY pool was claimed, leaving ~12 billion CNY. High-demand items (e.g., large-screen TVs, premium laptops) may sell out early.

5. **Policy Shift: Central Subsidies to End in 2026** Per a November 28 notice, starting 2026, subsidies for appliances, electronics, and vehicles will transition to provincial budgets, with reduced scope and scale. The current 69 billion CNY round is the last centrally funded opportunity.

6. **Key Reminders for Consumers** - **Act Early**: Subsidies are first-come, first-served; no extensions. - **Price Protection**: JD.com (JD.com) offers 30-day price guarantees on most items. - **Stack Discounts**: Use JD.com’s universal vouchers (search "福利500"/"福利600"/"福利900") alongside subsidies for extra savings.

For Double 12 promotions: - JD.com: Search "福利500" (max 1,888 CNY voucher). - Taobao: Search "我想要补贴" (max 8,888 CNY voucher).