The National Development and Reform Commission (NDRC) revealed that since the beginning of this year, the sales revenue of trade-in related goods has exceeded 14 trillion yuan. In terms of equipment renewal, the ultra-long-term special treasury bond funding support amounts to 200 billion yuan. The first batch of approximately 173 billion yuan in funding has been allocated to around 7,500 projects across 16 fields. The review and screening of projects for the second batch of funding are being carried out simultaneously. The third batch will be issued in July, with monthly and weekly "national subsidy" funding utilization plans formulated for each field to ensure the orderly implementation of the trade-in policy for consumer goods throughout the year.