[HIGHLIGHTS] Promote the upgrading of equipment and consumer products around four major actions

The State Council recently issued the "Action Plan for Promoting Large-Scale Equipment Renewal and Trade-in of Consumer Goods" The system deploys 20 key tasks in 5 aspects, including four major actions: renewal, trade-in, recycling, and standard improvement. Yu Xiaohui, president of the China Academy of Information and Communications Technology, said that by the end of 2023, the assets of my country's industrial enterprises above designated size have exceeded 167 trillion yuan.

"Large-scale equipment updates should be targeted at key industries with large equipment scale and great update potential," he said.