On July 21, the Information Office of the Henan Provincial Government held a press conference to further consolidate and expand the steady, moderate and positive momentum of the economy in the second half of 2026. Trade-in was the “main force” in promoting consumption in the first half of the year, and efforts only increased unabated in the second half of the year. Specific subsidy standards were announced at the press conference: individual consumers who have scrapped or replaced cars can receive a maximum subsidy of 20,000 yuan and 15,000 yuan respectively; a maximum subsidy of 1,500 yuan for purchasing 6 types of household appliances such as refrigerators, washing machines, televisions, air conditioners, computers, and water heaters; and 4 types of digital products such as mobile phones, tablets, smartwatch bracelets, and smart glasses, with a maximum subsidy of 500 yuan. It is expected that this round of subsidies will benefit more than 10 million consumers.

On July 21, the Information Office of the Henan Provincial Government held a press conference to further consolidate and expand the steady, moderate and positive momentum of the economy in the second half of 2026. Trade-in was the “main force” in promoting consumption in the first half of the year, and efforts only increased unabated in the second half of the year. Specific subsidy standards were announced at the press conference: individual consumers who have scrapped or replaced cars can receive a maximum subsidy of 20,000 yuan and 15,000 yuan respectively; a maximum subsidy of 1,500 yuan for purchasing 6 types of household appliances such as refrigerators, washing machines, televisions, air conditioners, computers, and water heaters; and 4 types of digital products such as mobile phones, tablets, smartwatch bracelets, and smart glasses, with a maximum subsidy of 500 yuan. It is expected that this round of subsidies will benefit more than 10 million consumers.