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Ministry of Commerce: Will optimize and implement the old-for-new car replacement program to promote the expansion and upgrading of automobile consumption
In 2026, the Ministry of Commerce, together with relevant departments, will adhere to both policy support and reform innovation, integrating existing measures with new policies to exert combined efforts. They will optimize the implementation of the old-for-new vehicle replacement program, carry out pilot reforms in automobile circulation and consumption, improve industry management systems, and adopt multiple measures to expand and upgrade automobile consumption. (CCTV News)