en.Wedoany.com Reported - Recently, China's National Development and Reform Commission released information stating that two years into the implementation of the "Two New" policy (large-scale equipment upgrades and trade-ins of consumer goods), the level of resource recycling and utilization has continued to improve, with recycled resources now accounting for approximately 27% of the raw materials used in steel production. 
Launched in March 2024, the "Two New" policy aims to promote equipment upgrades, trade-ins of consumer goods, recycling and reuse, and standard enhancement. Over the two years since its implementation, China has cumulatively allocated 800 billion yuan in ultra-long-term special government bonds, driving over 13,000 equipment upgrade projects with a total investment exceeding 1.8 trillion yuan, and fueling sustained growth in national investment in equipment and tool purchases. In terms of consumer goods trade-ins, a total of 450 billion yuan has been allocated to local governments, driving sales of automobiles, home appliances, and other goods exceeding 3.9 trillion yuan, benefiting 480 million person-times. Among these, the purchase share of Automobile Industry" target="_blank">new energy vehicles exceeded 60%, and the sales share of first-class energy efficiency home appliances reached 90%.
The resource recycling sector has seen remarkable results: over the two years, a cumulative total of 17.673 million end-of-life vehicles were recycled nationwide, and approximately 53 million units of waste household appliances and mobile phones were properly dismantled. Recycled resources accounted for 27%, 33%, 31%, and 25% of raw materials in steel, copper, aluminum, and plastic production, respectively. Furthermore, the China Resources Recycling Group has been established, and the "reverse invoicing" system has benefited over 15,000 enterprises. Looking ahead, China will continue to optimize policies, effectively utilize the 450 billion yuan in ultra-long-term special government bond funds, and promote the "Two New" policy to achieve greater effectiveness.
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