[HIGHLIGHTS] How much subsidy are you willing to buy a new mobile phone and a new car?

After 15 years, what exactly is “new” in a new round of trade-in and how can it proceed smoothly? China News Weekly reporter: Xie Xuewei. Trade-in for new appeared as a keyword for the first time at the Central Economic Work Conference at the end of December last year.

The term appeared in the fourth meeting of the Central Financial and Economic Commission and this year’s National Two Sessions. The State Council issued the "Action Plan for Promoting Large-Scale Equipment Updates and Trade-In of Consumer Goods" on March 13.