In Ganzhou, Jiangxi province, a precision manufacturing workshop located in Shipai Industrial Park is seen 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.

The Central Economic Work Conference highlighted the importance of promoting large-scale equipment upgrades and consumer product replacements in December. Following this, the State Council released an Action Plan in March to guide the implementation of this initiative. Central government departments and localities have since responded quickly by releasing detailed plans for carrying out these upgrades and replacements effectively.