In Ganzhou, Jiangxi province, a worker is seen using advanced machinery at a precision manufacturing workshop located in Shipai Industrial Park on April 11, 2024. This scene is a part of a larger trend of large-scale equipment upgrades and consumer product replacements that is currently taking place. This government-driven initiative is essential for the long-term health of the economy and is receiving special attention due to its significant impact.

Following the Central Economic Work Conference’s emphasis on promoting large-scale equipment upgrades and consumer product replacements in December, the State Council released an Action Plan in March to guide their implementation. As a result, central government departments and localities have responded quickly by releasing detailed plans for carrying out these upgrades and replacements effectively.