Core Viewpoint - The article emphasizes the significant support of 200 billion yuan from special long-term government bonds for equipment upgrades, marking a critical step in China's supply-side structural reform [1][3][4]. Group 1: Funding and Projects - This year, the special long-term government bond funding for equipment upgrades is set at 200 billion yuan, with the first batch of approximately 173 billion yuan allocated to about 7,500 projects across 16 sectors [1][2]. - The second batch of funding is currently undergoing project review and selection [1][2]. Group 2: Strategic Initiatives - The Ministry of Finance has clarified that by 2025, it will issue 1.3 trillion yuan in special long-term government bonds, with 200 billion yuan specifically aimed at enterprise equipment upgrades and technological transformation [3]. - This initiative is part of a broader strategy to promote large-scale equipment updates and the replacement of consumer goods, indicating a focus on upgrading core areas of the real economy [3][4]. Group 3: Policy Implementation - The first batch of equipment upgrade funding has already been allocated to projects, while the second batch is in the process of review and selection, with additional policies such as loan interest subsidies expected to support ongoing efforts [5].