FX.co ★ China Rolls Out Nationwide Equipment Upgrade Initiative

China has allocated CNY 188 billion (approximately USD 25.9 billion) from its 2025 ultra-long special treasury bond funds to support equipment modernization across various key sectors, as announced by the National Development and Reform Commission (NDRC) on Wednesday. This funding is set to encompass around 8,400 projects spanning industries such as energy equipment, power, transportation, logistics, environmental infrastructure, education, and healthcare, among others. As a component of the "two new" policy, this initiative aims to catalyze over CNY 1 trillion in total investment, with an emphasis on stringent approval processes to expedite advancements in crucial sectors.