NDRC Allocates Second Batch of 81 Billion Yuan in Ultra-Long-Term Bonds to Boost Consumer Goods Trade-Ins

Published: Apr 29, 2025 13:48

Save

[NDRC Allocates Second Batch of 81 Billion Yuan in Ultra-Long-Term Special Treasury Bonds This Year to Continue Strong Support for Consumer Goods Trade-Ins] Since the beginning of this year, the market demand for consumer goods trade-ins across the country has been robust, with the utilization rate of the first batch of subsidy funds reaching a high level in most regions. Recently, the National Development and Reform Commission (NDRC) has issued a notice, in conjunction with the Ministry of Finance, to promptly allocate an additional second batch of 81 billion yuan in ultra-long-term special Treasury bonds to localities this year, continuing to strongly support consumer goods trade-ins. Moving forward, the NDRC will fully leverage the role of the inter-ministerial coordination mechanism for the "program of large-scale equipment upgrades and consumer goods trade-ins," strengthening overall planning, promotion, and tracking and scheduling. It will urge all localities and relevant departments to expedite the review and disbursement of allocated funds, effectively reducing the financial pressure on enterprises, ensuring that genuine discounts directly reach consumers, and promoting the greater effectiveness of the consumer goods trade-in policy.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 18:30

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

Feb 6, 2026 17:41