Ding Xuexiang, member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Vice Premier of the State Council, presided over the meeting. Vice Premier He Lifeng and Zhang Guoqing of the State Council, and State Councilor Wu Zhenglong attended the meeting. Li Qiang pointed out that promoting a new round of large-scale equipment updates and exchanging old for new consumer goods is a major decision and deployment made by the Party Central Committee with a focus on high-quality development. This work benefits both the present and the future, stabilizes growth and promotes transformation, benefits both enterprises and people's livelihoods, and has a global strategic significance. Each region and department should improve their position, deepen their understanding, and effectively unify their thoughts and actions with the decision-making and deployment of the Party Central Committee. The work of promoting equipment updates and exchanging old for new consumer goods should be placed in an important position and effectively implemented. Li Qiang emphasized that large-scale equipment updates and the exchange of old for new consumer goods are closely related to various industries and households. We must adhere to market orientation and government guidance, encourage advanced and outdated products, adhere to standard guidance and orderly improvement, solidly promote the four major actions of equipment updates, exchange of old for new consumer goods, recycling and recycling, and standard improvement, and effectively do a good job. We should respect the wishes of enterprises and consumers, strengthen policy support and promotion, and focus on forming endogenous driving forces and economies of scale for upgrading and upgrading. We should pay attention to promoting classification, grasp the importance and urgency, give priority to supporting the upgrading of equipment in industries with good development prospects and high investment driven ratios, accelerate the elimination of outdated and inefficient equipment, high-energy consumption and high emission equipment, and equipment with safety hazards that have exceeded their service life, and focus on supporting the replacement of large durable consumer goods with old ones that are in urgent demand and have a significant driving effect but have high purchase costs. We should focus on improving the quality and level of economic recycling, do a good job in recycling and reuse, accelerate the development of the "replacement+recycling" logistics system and new models, and promote the agglomeration and scale development of renewable resource processing and utilization enterprises. We need to consider both the affordability of enterprises and the level of consumer acceptance, accelerate the formulation and revision of a batch of standards, and promote the normalization of updates and replacements through the gradual improvement of standards. We need to carefully organize and implement, strengthen overall coordination, enhance policy promotion and interpretation, and tailor measures to local conditions to ensure solid results in large-scale equipment updates and the replacement of consumer goods with old ones. Officials from the National Development and Reform Commission, Ministry of Finance, People's Bank of China, Ministry of Industry and Information Technology, Ministry of Housing and Urban Rural Development, Ministry of Commerce, State Administration for Market Regulation, Guangdong Provincial Government, and Sichuan Provincial Government delivered speeches at the meeting. (Lai Xin She)