NDRC and MOF Announce 2026 Subsidy Policy for Consumer Electronics Trade-ins

China's National Development and Reform Commission (NDRC) and Ministry of Finance (MOF) have issued a notice on implementing the 2026 large-scale equipment renewal and consumer goods trade-in policy. Under the policy, individual consumers purchasing four categories of products—smartphones, tablets, smartwatches & fitness trackers, and smart glasses—will receive a subsidy of 15% of the product's selling price, with a maximum subsidy of **$71.50 per item** (equivalent to RMB 500 at an exchange rate of RMB 1 = $0.143) and a limit of one subsidized item per category per consumer.