Shenzhen Unveils 2026 Plan for Ultra-Long Special Treasury Bonds to Boost Consumer Goods Replacement

Deep News02-28

Shenzhen's Municipal Development and Reform Commission, along with two other departments, has issued a notice on the implementation plan for using ultra-long special treasury bond funds to enhance the quality and efficiency of consumer goods replacement by 2026. The plan emphasizes the coordinated allocation of central government-allocated ultra-long special treasury bond funds and matching municipal fiscal resources, with a focus on sectors including automobiles, home appliances, digital and smart products. The initiative aims to continuously promote the replacement of old consumer goods. By the end of 2026, the city targets the retirement and renewal of approximately 35,000 vehicles, the replacement of around 180,000 automobiles, the exchange of about 1.8 million home appliances, and the purchase of nearly 4 million new products such as mobile phones, tablets, smart watches and bands, and smart glasses. Additionally, around 1.5 million new smart home products, including elderly-friendly home devices, and approximately 2 million other independently implemented smart products are expected to be purchased, sustaining market consumption vitality.

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