NDRC: China to Continue Issuing Ultra-Long-Term Special Treasury Bonds and Optimize Allocation in 20

According to the National Development and Reform Commission (NDRC), in 2025, China will continue issuing ultra-long-term special treasury bonds and further optimize their allocation. As of now, the central government has allocated this year’s 700 billion yuan in central budget investments, and 700 billion yuan of the 1 trillion yuan ultra-long-term special treasury bonds intended for the construction of major projects have all been implemented. Additionally, the NDRC recently stated that the latest data shows that the policy of promoting the replacement of old consumer goods with new ones has achieved significant results, helping to unlock consumption potential and accelerate China's green transition. Next, the NDRC will organize local governments to accelerate the improvement of recycling networks covering counties, towns, and villages, and guide China Resources Recycling Group Co., Ltd to establish a national, functional resource recycling platform. The NDRC also pointed out that the effects of various policies to expand effective investment, both in terms of existing and new investments, have gradually become evident this year. In the first three quarters, national fixed asset investment continued to grow in scale and improve in structure.