China has just completed the allocation of 69 billion yuan (about $9.6 billion) in ultra-long special treasury bonds, marking the third round of incentives aimed at boosting consumer spending. This move is part of an annual effort that will hit a total of 300 billion yuan (roughly $41.6 billion) by year-end.
Jiang Yi, director of the National Development and Reform Commission's policy research office, confirmed that a fourth batch of bonds, equal in amount, is scheduled for release in October. In addition, this year's 800 billion yuan investment list for major projects has been fully allocated, while 735 billion yuan in central budgetary investment is nearly complete.
These measures not only support the trade in consumer goods but also spotlight how decisive policy moves can stimulate economic growth—something we all appreciate in today's fast-paced, tech-driven world. It’s a cool example of how big fiscal strategies can ripple through everyday life, sparking innovation and lifestyle upgrades. 🚀💡
Reference(s):
cgtn.com
