The National Development and Reform Commission has allocated the fourth batch of 69 billion yuan in super long-term special national bonds this year to support the fund for replacing old consumer goods with new ones.

Recently, the National Development and Reform Commission has collaborated with the Ministry of Finance to allocate 69 billion yuan in the fourth batch of long-term special national bonds to support the funds for trading in old for new consumer goods. With this, the full year of 300 billion yuan in central funds has been fully allocated. Next, relevant departments will further organize localities to properly grasp the work rhythm, improve the funding usage plan, balance and orderly expenditure of subsidy funds, strengthen product quality and price supervision, crack down on illegal activities such as fraud and abuse of subsidies, and smoothly and orderly implement the policy of trading old for new consumer goods, ensuring that subsidy funds are effectively used to see tangible results.