The third allocation of RMB 69 billion in subsidy funds for the national trade-in program has been released. Commencing on August 26, Taobao and Tmall will spearhead the subsidy claim process. Residents of Beijing, Shanghai, Zhejiang, Guangdong, and other provinces and municipalities can access the dedicated section via the Taobao APP homepage or by searching for "National Subsidy." The subsidies encompass a diverse array of categories, spanning home appliances, digital products, home decor, and automobiles, with the aim of fostering consumption upgrades.
