{"id":22283,"date":"2025-07-26T06:36:30","date_gmt":"2025-07-26T06:36:30","guid":{"rendered":"https:\/\/gsrra.com\/?p=22283"},"modified":"2025-07-26T06:36:32","modified_gmt":"2025-07-26T06:36:32","slug":"china-allocates-69-bln-yuan-for-consumer-goods-trade-in-program","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=22283","title":{"rendered":"China allocates 69 bln yuan for consumer goods trade-in program"},"content":{"rendered":"\n<p>China has allocated 69 billion yuan (about 9.66 billion U.S. dollars) in its third batch of ultra-long special treasury bond funds to support the country&#8217;s consumer goods trade-in program, the Ministry of Finance (MOF) said on Friday.<\/p>\n\n\n\n<p>The MOF, together with the National Development and Reform Commission (NDRC), has this year earmarked 300 billion yuan in such funds to back the program, MOF official Wu Gai told a press conference.<\/p>\n\n\n\n<p>The first two batches of these funds &#8212; totaling 162 billion yuan &#8212; were allocated in January and April this year, according to Wu. The remaining funds will be disbursed in October to support local authorities in advancing the trade-in program, he added.<\/p>\n\n\n\n<p>As of July 16, a total of 280 million people across the country have applied for subsidies under the consumer goods trade-in program, driving sales of related commodities to exceed 1.6 trillion yuan, data from the NDRC shows.<\/p>\n\n\n\n<p>In its next step, the NDRC said it will optimize subsidy distribution methods, ensure more orderly policy implementation, and strengthen supervision over product quality and pricing.&nbsp;<\/p>\n\n\n\n<p>Reference Link:- <a href=\"https:\/\/english.news.cn\/20250725\/7158af4549e44b5ba79a6fa240472e91\/c.html\" target=\"_blank\" rel=\"noopener\">https:\/\/english.news.cn\/20250725\/7158af4549e44b5ba79a6fa240472e91\/c.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China has allocated 69 billion yuan (about 9.66 billion U.S. dollars) in its third batch of ultra-long special treasury bond funds to support the country&#8217;s consumer goods trade-in program, the Ministry of Finance (MOF) said on Friday. The MOF, together with the National Development and Reform Commission (NDRC), has this year earmarked 300 billion yuan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[21833,21837,282,29,21838,12398,132,105,21836,21835,21834],"class_list":["post-22283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-69-billion-yuan","tag-boosting-capital-market","tag-bri","tag-china","tag-china-allocates-69-bln-yuan-for-consumer-goods-trade-in-program","tag-consumer-goods","tag-economy","tag-geopolitics-2","tag-market-stability","tag-ministry-of-finanace","tag-trade-in-2"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/22283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22283"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/22283\/revisions"}],"predecessor-version":[{"id":22285,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/22283\/revisions\/22285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/22284"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}