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China to Allocate More Funds in October to Support Trade-In Program

Aug 01, 2025, 4:40 a.m. ET

AsianFin -- China's top economic planner on Friday said that another 69 billion yuan (about 9.65 billion U.S. dollars) in ultra-long special treasury bond funds will be allocated in October to support the country's consumer goods trade-in program.

This will be the fourth and final batch of the year, according to Jiang Yi, an official with the National Development and Reform Commission (NDRC), who noted that the country has already issued its third batch of ultra-long special treasury bond funds in the same amount.

The Ministry of Finance, together with the NDRC, has this year earmarked 300 billion yuan in such funds to back the consumer goods trade-in program.

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