Did you see the news? The Ministry of Finance said the ‘national subsidies’ will continue next year, and the scale will be quite significant.

I saw it. This time it’s not just about subsidizing consumption, but also increasing support for technological innovation and the transformation of manufacturing. The policy feels more comprehensive.

Yes, I noticed the document mentioned ‘new quality productive forces.’ That’s good news for companies like ours. The direction of subsidies is shifting—from subsidizing products to subsidizing capabilities.

You’re right. In the past, subsidies were mainly for buying cars or home appliances. Now the focus is more on innovation and green transformation. It also reflects an optimization of the fiscal structure.

But I’m a bit worried about implementation. Subsidy policies often look strong at the top but weak at the local level, and local finances are under pressure too.

This meeting specifically mentioned improving the efficiency of ‘transfer payments,’ meaning central funds to local governments should be used more flexibly and precisely.

That sounds like giving more autonomy to local authorities. Hopefully, companies can truly feel the support, not just see numbers in policy documents.

The finance minister also talked about ‘boosting consumption’ and ‘trade-in programs,’ which is really about getting the market moving. When people are willing to spend, companies have the motivation to innovate.

Seen this way, ‘national subsidies’ are not just about spending money, but more like a shot of confidence for the economy.

Exactly. The key is implementation. Only when policies are strong and well-executed can the money truly ‘subsidize’ development.