Government Work Report | Allocate 250 billion yuan in ultra-long-term special bonds to support consumption upgrades and old-for-new replacements

LightningPacketLoss · 2026-03-12T05:11:03+00:00

The government work report sets the 2026 targets, plans to support the replacement of old consumer goods, allocates 250 billion yuan in ultra-long-term special treasury bonds, and establishes 100 billion yuan in special funds to promote domestic demand, while optimizing the policy implementation mechanism.

LightningPacketLoss

2026-03-12 05:11:03

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Two Sessions Xinhua News Agency Flash: The Government Work Report, when introducing the 2026 government work tasks, proposed to promote the expansion and upgrading of commodity consumption, allocate 250 billion yuan in ultra-long special national bonds to support the renewal of consumer goods, and optimize policy implementation mechanisms. A 100 billion yuan fiscal and financial coordination special fund will be established to promote domestic demand, using a combination of interest subsidies on loans, financing guarantees, risk compensation, and other methods to support expanding domestic demand.

(Edited by: Wen Jing)

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