China promotes large-scale equipment upgrades and the "cash for old" program for consumer goods.

We are advancing the renewal and technological transformation of various production and service equipment, and encouraging and promoting the replacement of consumer goods with old ones. The promotion of large-scale equipment renewal and the replacement of consumer goods with old ones (hereinafter referred to as "the Two New Initiatives") is a major deployment made by the Party Central Committee and the State Council with an eye toward high-quality development. Multiple provinces have issued their respective implementation plans for the "large-scale equipment renewal and replacement of consumer goods with old ones."

Wuhan Hankou Electric Furnace Co., Ltd. has developed more professional equipment for various industry fields, providing manufacturers with more and better options for equipment upgrades.