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VisitWhich sector will receive the largest portion of China's 2025 treasury bond funds?
Large-scale equipment upgrades • 25%
Consumer electronics subsidies • 25%
New energy city buses • 25%
Agricultural machinery and home decoration • 25%
Official budget reports or announcements from the NDRC
China's NDRC Plans Increased Treasury Bond Issuance in 2025 to Fund Growth, Expand Consumer Subsidies for Smartphones, Tablets, Smartwatches
Jan 3, 2025, 05:55 AM
China plans to significantly increase the issuance of ultra-long special treasury bonds in 2025 to fund major projects and support economic growth, according to NDRC official Yuan Da. The National Development and Reform Commission (NDRC) announced that these funds will be used to implement large-scale equipment upgrades and consumer goods trade-in programs. The initiative aims to boost domestic consumption and investment amid economic challenges. Additionally, China will expand consumer subsidies to include smartphones, tablets, smartwatches, and other electronics, aiming to promote domestic spending as external headwinds intensify. The subsidies will also cover new energy city buses, agricultural machinery, and home decoration.
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Innovation-driven sectors (EVs, robotics, semiconductors, green energy) • 25%
Subsidy programs for boosting consumption • 25%
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Financial services • 25%
Consumer goods trade-in schemes • 25%
Development of new productive forces • 25%
Industrial equipment trade-in schemes • 25%
Recapitalization of state-owned banks • 25%
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Infrastructure Development • 25%
Consumer Goods Trade-In Programs • 25%
Large-Scale Equipment Upgrades • 25%
Industrial equipment trade-in schemes • 25%
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Local government debt resolution • 25%
Consumer goods trade-in schemes • 25%
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Consumer goods sector • 25%
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State Grid Corporation of China • 25%
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China Railway Group Limited • 25%
China National Petroleum Corporation • 25%
Debt Relief • 25%
Healthcare and Education • 25%
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Infrastructure Development • 25%
Smartwatches • 25%
Other electronics • 25%
Smartphones • 25%
Tablets • 25%