BEIJING, July 25 (Reuters) – China will allocate 300
billion yuan ($41.40 billion) in ultra-long-term treasury bonds
to support the programme of equipment upgrades and consumer
goods trade-ins, the government said on Thursday.
China will lower project application requirement for using
ultra-long special sovereign bonds to support equipment upgrades
of small and medium-sized firmsaccording to a notice issued by
the country’s state planner and finance ministry.
China will raise subsidies for car trade-ins to up to 20,000
yuan apiece, it added.
($1 = 7.2465 Chinese yuan)
(Reporting by Beijing newsroom; Editing by Himani Sarkar)
