Recently, China issued the Action Program for Promoting Large-scale Equipment Renewal and Consumer Goods Trade-in (hereinafter referred to as the Action Program), which systematically deploys 20 specific measures around the implementation of the four major actions of equipment renewal, consumer goods trade-in, recycling, and standard enhancement. Since the release of the Action Program, provinces and municipalities have responded to the policy by gradually promoting the relevant work and formulating provincial and municipal plans to promote large-scale equipment renewal and consumer goods trade-in.