Core Viewpoint - The Chinese government has allocated a total of 300 billion RMB in special long-term bonds to support the consumption upgrade policy, specifically for the replacement of old consumer goods with new ones, with the latest batch being 69 billion RMB [1] Group 1: Policy Implementation - The National Development and Reform Commission (NDRC) and the Ministry of Finance have been actively distributing special long-term bond funds to support the consumption upgrade policy throughout the year [1] - A total of 330 million people have applied for subsidies under the consumption upgrade policy from January to August, resulting in over 2 trillion RMB in related sales [1] Group 2: Economic Impact - Retail sales of household appliances, audio-visual equipment, cultural office supplies, furniture, and communication devices have seen significant year-on-year growth, with increases of 28.4%, 22.3%, 22.0%, and 21.1% respectively [1] - The overall retail sales of consumer goods have increased by 4.6% year-on-year, supported by the consumption upgrade policy [1] Group 3: Future Plans - The NDRC plans to further organize local governments to manage the pace of work, improve fund usage plans, and ensure balanced and orderly expenditure of subsidy funds [1] - There will be a focus on enhancing product quality and price supervision, as well as cracking down on fraudulent subsidy claims to ensure the effective implementation of the consumption upgrade policy [1]
中国今年第四批超长期特别国债支持消费品以旧换新资金已下达
Zhong Guo Xin Wen Wang·2025-09-30 10:53