China allocates first batch of ultra-long-term bonds for 2026 equipment renewal

China has allocated the first batch of Yuan 93.6 billion ($13.5 billion) in ultra-long-term special treasury bond funds for equipment renewal in 2026, as policymakers step up efforts to expand investment, strengthen livelihoods and shore up domestic demand amid rising external uncertainties.

According to information recently released by the National Development and Reform Commission (NDRC), the first batch of Yuan 93.6 billion in ultra-long-term special treasury bond funds for supporting equipment renewal in 2026 has been allocated. The funds will support about 4,500 projects in fields including industry, energy and power, education,