The fourth batch of China’s national "trade-in" consumer subsidy (referred to as "Guobu") has not ended. Instead, it resumed full distribution starting October 1, with a substantial allocation of 69 billion yuan. The application channels will remain open until 24:00 on December 31, 2025, but subsidies are available only until the quota is exhausted. This marks the final 60-day sprint for the year’s 300 billion yuan ultra-long-term special treasury bond-backed "trade-in" policy. Missing this window means facing at least a year-long policy gap. Below is an in-depth breakdown based on the latest policy and practical insights:

**Key Takeaways: Latest Participation Methods** - **Home Appliances & Furniture**: Search "家电588" on the JD.com app for subsidies up to 2,000 yuan. - **Electronics & Phones**: Search "数码588" or "手机588" on JD.com for up to 500 yuan subsidies. - **Red Packets**: On JD.com, search "红包188"; on Taobao, search "红包到手886" (ends Nov 14). *Pro Tip*: Search these keywords once, then access them daily via your search history.

**1. Policy Core: The Year’s Final "National Red Packet"** For example, first-tier energy-efficient appliances qualify for a 20% subsidy (capped at 2,000 yuan per item). Missing this round could mean paying 15%-20% more next year.

**Double 11 Synergy** The subsidy window overlaps with Double 11 promotions, creating triple discounts: platform deposits + Guobu deductions + red packets. For instance, a 6,000 yuan AC with a 1,200 yuan subsidy, plus 200 yuan JD.com red packet and 100 yuan Plus coupon, brings the final price to 4,500 yuan—a 25% discount.

**Supply-Demand Imbalance** With 330 million eligible applicants and per-capita quotas under 210 yuan, hot categories (e.g., phones, ACs) face sub-15% success rates due to high subsidy ratios (15%-20%). Provinces like Henan and Hunan report quotas selling out instantly—act early.

**2. Subsidy Standards & Channels** - **Home Appliances**: 20% subsidy (max 2,000 yuan), search "家电588" on JD.com. - **Phones/Electronics**: 15% (max 500 yuan), search "手机588" or "数码588". - **EVs**: Base 16,000 yuan + tech bonuses (max 28,000 yuan), apply via dealers or government platforms. - **ICE Trade-Ins**: 15,000 yuan for scrapping pre-China IV vehicles to buy EVs.

**Steps**: 1. Search keywords (e.g., "家电588") on JD.com/Taobao to claim vouchers. 2. Add items to cart, confirm subsidy and final price. 3. Pay between Nov 11-30 to avoid December logistics delays. 4. Keep invoices and proof for verification post-delivery.

**3. Regional Early Closures Warning** While the national deadline is Dec 31, provinces like Henan, Hunan, Shandong, and Jiangsu may close channels by mid-December due to rapid quota exhaustion. Xinjiang and Pingxiang (Jiangxi) have already halted subsidies with no 2025 restart.

*Advice*: - Complete applications and orders by late November. - Monitor local发改委/商务局 notices—e.g., Shandong releases vouchers at 9 AM daily; Jiangsu at 10 AM.

**4. Voucher Grab Tips & Pitfalls** - **Tech Prep**: Use 5G/WiFi 6, sync phone time to milliseconds, pre-set payment/auth details. - **Timing**: Quotas drop at 0:00, 10:00, and 20:00 daily—first 30 seconds are critical. - **Stack Discounts**: Claim red packets first (JD.com: "红包188"; Taobao: "红包到手886"), then platform coupons (e.g., JD.com Plus "30 off 200"), lastly Guobu. - **Voucher Validity**: 24-48 hours; canceling to reapply risks missing out. - **Pitfalls**: Returns void subsidies; old device recycling (SN codes/receipts) may be required for appliances; payer/receiver info must match.

**5. FAQs** - **Q**: Can Guobu stack with other discounts? **A**: Yes. Order: store → platform → Guobu → red packets → total discounts over 30%. - **Q**: Must old devices be recycled? **A**: Mostly optional online; vouchers apply directly. Recycling is eco-friendly but voluntary. - **Q**: What if vouchers sell out? **A**: Try off-peak times (e.g., 3 AM); use stable networks/tools (compliant). - **Q**: How to claim EV subsidies? **A**: Submit old car scrapping/transfer proof and purchase invoices via dealers/government platforms.

**Final Call: Last 60 Days—Miss It, Wait a Year** The 69B Guobu quota is in its final phase. Act now: 1. Search keywords on JD.com/Taobao to claim vouchers. 2. Prioritize capped-subsidy items (e.g., 6,000 yuan ACs, 5,000 yuan phones). 3. Watch for regional closures; complete payments by late November. 4. Keep all proof for smooth subsidy processing.

*Reminder*: Nationwide shutdown at 24:00 on Dec 31—first-come, first-served. 2026 sees full policy exit; don’t wait till the last 48 hours!