Keeping MONEY IS THE MOST IMPORTANT THING
Consumer opinion of the trade-in program on the ground is still combined, though.  ,
Zhu sees the payment as a temporary possibility as opposed to a long-term motivator, despite his excitement over his new e-bike.
” I have experienced a sense of novelty and substantial benefits,” Zhu said.
Zhu continued,” This coverage made me feel some sweetness, but I won’t alter my spending routines.” ” I’m still going to abide by my parents ‘ advice to” save as you can”
Emma Fang, a 21-year-old scholar in Beijing, agrees that” saving money is the most important thing.”
She chose to restore her current iPhone 13 by replacing its cracked screen, spending only 340 yuan, despite being tempted by the program’s generous subsidies, rather than trade it in.  ,
However, she claims that the federal subsidies also provide a lot of benefit. The pull is still quite appealing, and it can undoubtedly cause people to consume it.
Fang adds that there are also environmental benefits, particularly among eco-conscious younger Gen Z customers.  ,
Knowing that you are helping the environment, trading in older tools allows empty products to become reused and repurposed.
TEMPORARY BOOST OR SUSPENSIBLE RECRUIT?
Huang Tianlei, a research fellow at the Peterson Institute for International Economics, claims that China’s consumer trade-in program is only a temporary increase.  ,
Huang told CNA,” It’s only front-loading coming consumption.” Policymakers are just waiting until they can find more responsible and architectural ways to permanently raise private consumption, according to the statement.
He also emphasized the need for fundamental changes to lower the threshold for cautious savings and increase the average household income, citing a significant shift in how policymakers perceived “investing in people” rather than just facilities during this year’s Two Sessions.  ,
” The Chinese authorities now comprehends the value of investing more in persons in raising domestic demand, particularly usage, and rebalancing the business,” according to the statement.
He continued,” This attitude change will likely take time to translate into more practical steps.”  ,