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CN Increases Ultra-Long-Term Special Govt Bonds to Support Equipment Renewal Funding in Key Areas
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China's National Development and Reform Commission and Ministry of Finance have issued a notice regarding the intensified implementation of large-scale equipment renewal and trade-in policies for consumer goods in 2025. The notice stated that support for equipment renewal projects in key areas will be strengthened, and the funding scale for ultra-long-term special government bonds to underpin equipment renewal in key areas will be increased. In addition to continuing support for the equipment renewal of industrial and energy-using devices, energy and power, transportation, logistics, environmental infrastructure, education, cultural tourism, medical, and old elevators, the notice also proposed to further expand the support scope to include electronic information, safety production, and facility agriculture, with the focus on supporting the application of high-end, intelligent, and green equipment. AAStocks Financial News |
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