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CN NDRC Arranges RMB200B Ultra-long-term Special National Bonds to Support Equipment Renewal
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The National Development and Reform Commission of China (NDRC) will arrange a RMB200 billion ultra-long-term special national bonds to support equipment renewal this year, representing an increase of RMB50 billion over last year, as announced by the NDRC. Regarding the transportation sector, the policy specifically supports the revocation and renewal of operation trucks complying with National III and National IV emission standard, while those who dispose old operation trucks or buy new cars on this basis can receive a subsidy ranging from RMB10,000 to RMB95,000. In addition, some mainstream brands introduced preferential measures like interest-free loans to promote the upgrade of vehicles in the road transport industry and activate the commercial truck sales market. AAStocks Financial News |
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