The Ministry of Finance issued a notice on the 26th, saying that the National Development and Reform Commission, the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Commerce, and the General Administration of Quality Supervision, Inspection and Quarantine decided to organize and carry out subsidy work for remanufactured products with "old-for-for-new" pilot subsidy. In 2013, pilot projects were conducted on remanufactured products such as automotive engines and transmissions, and the scope of the pilot project was gradually expanded in the following years.
“Replacement from old to new†refers to the purchase of remanufactured products by buyers of domestic remanufactured products that return old ones and replace them with replacement prices. The country took the lead in selecting remanufactured products such as auto parts, and carrying out subsidy promotion trials through the “change from old to new†approach would not only facilitate the recycling of remanufactured old parts, expand the sources of old parts, but also help expand the impact of remanufactured products. Support the marketing of remanufactured products to realize the scale and standardization of the remanufacturing industry.
The types of subsidies shall be determined by the National Development and Reform Commission, the Ministry of Finance, the Ministry of Industry and Information Technology, the Ministry of Commerce, and the General Administration of Quality Supervision, Inspection and Quarantine. The specific enterprises and product models shall be determined by public solicitation. For the remanufactured products that comply with the “replacement and re-promotion†re-producing products, the central government will re-manufacture the “old-for-for-new†re-manufactured products by the pilot companies according to a certain percentage of their promotion replacement prices (re-manufactured product sales prices minus old-parts recycling prices). Product buyers give a one-time subsidy and set a subsidy limit.
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