Policy support
The State Council issued the Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in in 2024. We will advance the renewal and upgrading of key equipment. Centering on the development of new industrialization, we will take energy conservation and carbon reduction, ultra-low emissions, work safety, digital transformation and intelligent upgrading as key priorities. Focusing on major industries including iron and steel, non-ferrous metals, petrochemicals, chemical engineering, building materials, electric power, machinery, aviation, shipbuilding, light textile and electronics, we will vigorously push forward the renewal and technological transformation of production equipment, energy-consuming equipment, power generation, transmission and distribution equipment and other facilities.