National Development and Reform Commission: The second batch of 91.5 billion yuan in super long-term special national bonds to support equipment renewal funding for 2026 has been allocated.

On April 30th, according to the National Development and Reform Commission, since the beginning of this year, in accordance with the decision-making arrangements to optimize the implementation of the "Two New" policies by the Party Central Committee and the State Council, the National Development and Reform Commission, together with relevant departments, has been solidly advancing the work of supporting equipment renewal with the fund of ultra-long-term special national bonds. Recently, the list and fund allocation of the second batch of 915 billion yuan "Two New" equipment renewal projects in 2026 have been issued, supporting over 6,700 projects in 16 areas such as industry, energy and power, electronic information, transportation, logistics, education, cultural tourism, medical care, facility agriculture, grain and oil processing, old residential elevators, safety production, fire rescue, inspection and testing, energy conservation, carbon reduction and environmental protection, recycling and reuse, driving a total investment of over 380 billion yuan; at the same time, continuing to support the scrapping and renewal of old operating trucks, new energy urban buses, and old agricultural machinery. With the previous allocation of 93.6 billion yuan, a total of 185.1 billion yuan has been allocated for the "Two New" equipment renewal this year, accounting for 92% of the total of 200 billion yuan for the whole year. Under the equipment renewal policy, the investment in equipment purchase increased by 13.9% year-on-year in the first quarter, an increase of 2.4 percentage points compared to January-February, boosting the overall investment growth by 2.3 percentage points. Next, the National Development and Reform Commission will work closely with relevant departments to continue to track and supervise, strengthen the closed-loop supervision of the fund chain, accelerate project construction and fund payment, and promote the formation of more tangible work output to better leverage the efficiency of the use of the "Two New" funds. This article is selected from the official WeChat account of the National Development and Reform Commission; GMTEight Editor: Huang Xiaodong.