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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Jan. 22 (Xinhua) — The Chinese government has issued 93.6 billion yuan (about 13.37 billion U.S. dollars) in ultra-long-term special government bonds to finance equipment upgrade projects, the National Development and Reform Commission said Thursday.
These funds will support approximately 4,500 projects in industry, energy, education, and healthcare, as well as the modernization of elevators in residential buildings. Total investment in these projects is expected to exceed 460 billion yuan.
In addition, local authorities will be directly provided with funds to continue supporting the replacement of aging trucks, the upgrade of city buses to new energy sources, and the decommissioning and replacement of old agricultural machinery.
The move follows the Ministry of Finance's recent announcement that the Chinese government will continue issuing ultra-long-term special government bonds in 2026 to implement key national policies and enhance security capabilities in key areas, as well as for large-scale equipment upgrades and trade-ins of old consumer goods.
The National Development and Reform Commission promised to strengthen coordination and follow-up with relevant authorities, optimize overall project and fund management, and ensure effective policy implementation. -0-
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