In a bold move to energize consumer spending, the Chinese mainland has allocated 69 billion yuan in its third tranche of ultra-long special treasury bonds. This initiative aims to support the trade-in of consumer goods and spark market activity 🚀.
Looking ahead, a fourth batch of the same amount is scheduled for release in October, which will bring the yearly total to 300 billion yuan. This strategic rollout strengthens the economic framework while promoting vibrant business opportunities.
Jiang Yi, director of the NDRC's policy research office and spokesperson for the commission, noted that the comprehensive effort also includes an 800 billion yuan investment list for key projects that has been fully allocated, alongside a nearly completed 735 billion yuan in central budgetary investment.
Young entrepreneurs and market enthusiasts can view this decisive fiscal action as a signal of renewed momentum in consumer-friendly policies, paving the way for exciting prospects and a resilient economic future 💡.
Reference(s):
cgtn.com
