Social posts by appliance dealers claiming the national appliance purchase subsidy will be taken offline on Oct 15 are false and are prompting “buy now” pressure ahead of Double 11. A widely shared screenshot cited the Oct 15 date, but the National Development and Reform Commission said on Sept 30 that the fourth batch of 62.5 bln yuan in ultra-long special sovereign bonds to support trade-in consumption has been allocated. By convention the subsidy’s final usage deadline is Dec 31, 2026, not Oc

Social posts by appliance dealers claiming the national appliance purchase subsidy will be taken offline on Oct 15 are false and are prompting “buy now” pressure ahead of Double 11. A widely shared screenshot cited the Oct 15 date, but the National Development and Reform Commission said on Sept 30 that the fourth batch of 62.5 bln yuan in ultra-long special sovereign bonds to support trade-in consumption has been allocated. By convention the subsidy’s final usage deadline is Dec 31, 2026, not Oct 15.