Official economic reports from the NDRC or Chinese statistical agencies

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.