China's Bold Move to Stimulate Economic Growth

In a significant announcement, Yuan Da, deputy secretary-general of the National Development and Reform Commission (NDRC), shared China's strategy to bolster economic growth through an increased issuance of ultra-long treasury bonds in 2025. This initiative aims to provide a substantial boost to the economy by focusing on two key subsidy programs.

Focus on Durables and Equipment Enhancements

Yuan detailed that the government plans to significantly increase the size of ultra-long special government bond funds this year. The funds are earmarked for a subsidy program targeting durables and another for large-scale equipment enhancements for businesses. This dual approach is designed to stimulate demand and encourage investment in critical sectors.

Approved Projects Signal Strong Commitment

Adding to the momentum, Zhao Chenxin, vice head of the state planner, revealed that projects worth 100 billion yuan have already been approved for 2025. This early approval underscores the government's commitment to these initiatives and its proactive stance on economic stimulation.