CCTV News: On January 8, the State Council Information Office held a regular briefing on the State Council’s policies to introduce the relevant situation of increasing efforts to expand the scope and implement the "two new" policies, and answer questions from reporters.

At the meeting, Zhao Chenxin, deputy director of the National Development and Reform Commission, said that the National Development and Reform Commission will work with all localities and departments to carefully summarize the experience and practices in 2024 and strive to implement the work in 2025. Looking back at the implementation of the "two new" work in 2024, it can be summarized as four "significant effects".

First, the effect of stimulating consumption vitality is obvious. In 2024, more than 6.5 million vehicles were scrapped and replaced and updated nationwide, and the domestic market penetration rate of new energy passenger cars exceeded 50% for seven consecutive months since June. The domestic retail volume reached 11 million vehicles throughout the year. At the end of July 2024, after the introduction of the "two new" policies, the national sales of electrical appliances and audio-visual equipment in August fell from 2.4% year-on-year to 3.4% year-on-year. Since then, the rapid growth trend has been maintained. From September to November, the year-on-year growth was 20.5%, 39.2% and 22.2% respectively. The effect of stimulating consumption vitality is very obvious.

Second, the effect of driving investment growth is obvious. Among the more than 4,600 equipment update projects supported by ultra-long-term special treasury bond funds in 2024, the number of equipment updates such as industry, energy consumption, energy and electricity, transportation and other equipment exceeded 2 million units (sets). We initially estimate that under the comprehensive driving of the "two new" policies, the total number of equipment updates in key areas across the country can reach more than 20 million units (sets), which has effectively driven investment in equipment and tools in related fields.

Third, the effect of promoting industrial upgrading is obvious. The "two new" policies promote rapid growth in equipment manufacturing and consumer goods industries. In November 2024, the added value of the equipment manufacturing industry increased by 7.6% year-on-year, and the contribution rate to the growth of industrial added value above scale was close to 50%; the added value of the equipment industry such as ship and related device manufacturing, intelligent consumer equipment manufacturing, and lithium-ion battery manufacturing increased by 20.1%, 10.7% and 8.8% year-on-year respectively.

Fourth, the effect of supporting green transformation is obvious. The "two new" standard improvement action has issued 168 important standards such as energy consumption and pollutant emissions. In 2024, more than 11,000 new intelligent community waste material recycling facilities were added nationwide, and the sales of first-level energy-efficient home appliances accounted for as much as 90%. Based on the physical workload and energy-saving and carbon reduction effects, the National Development and Reform Commission has made a calculation that the implementation of the "two new" policies in 2024 will be about 28 million tons of standard coal, reducing carbon dioxide emissions by about 73 million tons.