中新社北京7月25日电 (记者赵建华)中国安排6万亿元(人民币，下同)债务限额置换地方政府存量隐性债 务(下称置换政策)。财政部预算司一级巡视员、政府债务研究和评估中心主任李大伟25日在北京介绍， 2024年2万亿元置换债券已于当年发行完毕，2025年上半年全部使用完毕；2025年2万亿元置换债券截至 6月末已发行1.8万亿元，已使用1.44万亿元。总体来看，置换政策实施效果已逐步显现。 ——减轻了当期流动性压力。通过发行使用低息的地方政府债券优先置换利息高、期限短、风险大的隐 性债务，极大降低了债务利息支出和到期债务的偿还、接续压力。 同时，政策允许专项债券用于土地储备，支持城市政府收购存量商品房用作保障性住房，促进房地产市 场平稳健康发展。李大伟表示，专项债券用作项目资本金的范围由原来17个行业扩大至22个。上半年， 各地发行专项债券用作项目资本金1917亿元，同比增长16%。(完) （文章来源：中国新闻网） ——释放了经济发展动能。置换政策实施后，地方需要自行化解的隐性债务规模大幅减少，释放出大量 的资金资源和时间精力，助力地方专注于兜牢"三保"底线和加快经济建设，为地区发展注入新动能。 ——推动了融资 ...

今年以来，财政运行总体平稳，预算资金快速下达，基本民生保障力度进一步加大。 财政部7月25日公布的2025年上半年财政收支数据显示，上半年全国一般公共预算收入（下称"公共财政 收入"）11.56万亿元，同比下降0.3%；全国一般公共预算支出（下称"公共财政支出"）14.13万亿元，同 比增长3.4%。 从收入表现看，被视为经济"晴雨表"的税收收入自二季度以来逐步回升，连续3个月同比保持增长。27 个省份在上半年实现地方一般公共预算本级收入增长。从财政支出看，上半年支出力度持续加大，支出 结构向民生、科技创新等领域倾斜，地方财力获得更大力度保障。 上半年，财政部各类政府债券保持较大发行力度。其中，国债发行规模创历史同期新高，共发行国债 7.88万亿元，同比增长35.28%，投资者认购积极踊跃。 在当天召开的新闻发布会上，财政部预算司一级巡视员、政府债务研究和评估中心主任李大伟接受证券 时报记者提问时透露，上半年全国发行新增地方政府专项债券2.16万亿元，同比增长45%，发行使用进 度明显加快。同时，上半年各地发行专项债券用作项目资本金同比增长16%。 李大伟表示，财政部将继续实施好更加积极的财政政策，加快预算执 ...

Group 1 - The glass futures market has seen a significant increase, with the main contract closing at 1100 yuan/ton, marking a three-month high, driven by strong market sentiment and increased capital inflow [1] - There is a cautious attitude among glass industry players, with many expressing reluctance to accept high prices, as evidenced by declining quotes from traders in Shihezi [1] - The National Development and Reform Commission has implemented a capacity warning mechanism for key industrial products, including flat glass, indicating a focus on energy conservation and carbon reduction [1] Group 2 - In the building materials glass sector, some companies are opting for proactive cold repairs while waiting for further news, leading to a reduction in glass inventory [2] - The glass production lines have been affected, with four lines reported to be offline, resulting in a daily melting capacity loss of 2800 tons [2] - The cautious approach is also reflected in the downstream processing sector, where companies are only willing to take short-term orders due to tight cash flow in real estate projects [2] Group 3 - There is a prevailing atmosphere of caution in the market, with some investors betting on the effectiveness of policy implementation, while the actual demand remains uncertain [3] - The recent price recovery in the glass market has not translated into confidence among traders, who remain wary of the sustainability of the price increase without real order support [3] - The divergence in stock market performance is evident, with leading companies in the photovoltaic glass sector seeing stock price increases, while automotive and building materials glass companies experience volatility [2]