Published on: 2026-07-03
Source: People’s Republic of China in Russian –
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Beijing, July 3 /Xinhua/ — China has fully issued ultra-long-term special government bonds amounting to 200 billion yuan (about 29.39 billion U.S. dollars) this year to support large-scale equipment upgrades and the trade-in of old consumer goods for new ones. This was reported on Friday by the National Development and Reform Commission (NDRC) of China.
GKR recently published the third package of lists of projects for equipment upgrades and financing, covering sectors such as energy, logistics, education, elderly care institutions, as well as elevator installations in old residential buildings.
The annual funding volume of 200 billion yuan, allocated by three parties, is designed to support about 11,000 projects across 22 sectors, providing strong backing for accelerating industrial modernization, promoting green development, enhancing people’s well-being, and strengthening security guarantees.
According to the agency’s data, in the first five months of 2026, investments in equipment acquisition increased by 9.3 percent year-on-year, accounting for 17.5 percent of the total investment volume. This indicator rose by 2.2 percentage points compared to the same period last year.
According to the responsible representative of the GKRR, the agency will work with the relevant authorities to strengthen the closed-loop management of the entire process and fully realize the effectiveness of centralized financing. -0-
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