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NDRC Allocates This Yr's 2nd Batch of Ultra-Long-Term Special Govt Bond Fund RMB81B to Support Consumer Goods Trade-Ins
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Demand in China's consumer goods trade-in market has been exceptionally strong YTD, with most regions having already used a high proportion of their initial subsidy funds. The National Development and Reform Commission (NDRC) has issued a notice stating that, together with the Ministry of Finance, it will promptly allocate a second batch of RMB81 billion in ultra-long-term special government bond funds to local governments for this year, continuing to vigorously support trade-in programs for consumer goods. AAStocks Financial News |
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