250 billion yuan to support the trade-in of consumer goods; the Ministry of Finance will strengthen inclusive policies that directly benefit consumers

At the China Development High-Level Forum 2026 Annual Meeting held today (22nd), Minister of Finance Lan Fuan stated that in response to the prominent contradiction of strong supply and weak demand in current economic operation, a comprehensive use of policy tools such as deficit, special bonds, and loan interest subsidies will be employed to build a strong domestic market.

Lan Fuan said that greater efforts will be made to boost consumption, including increasing targeted policies directly benefiting consumers. This year, over 250 billion yuan of ultra-long-term special national bonds will be allocated to support the replacement of old consumer goods, and 100 billion yuan of fiscal and financial coordination funds will be established to promote domestic demand, with more real financial support to stimulate consumption. Additionally, efforts will be made to enhance long-term consumption capacity, strengthen employment support, improve the social security system, and reinforce the regulatory roles of taxation and transfer payments, increasing residents’ income through multiple channels.

Regarding expanding effective investment, the government will optimize investment structure, making good use of ultra-long-term special national bonds, local government special bonds, and central budget investments. Focus will be placed on key areas such as new quality productivity and new urbanization, with more investments directed toward strategically significant sectors that help improve total factor productivity. Major engineering projects outlined in the “14th Five-Year Plan” will be strongly supported.

Minister of Finance Lan Fuan: We will improve fiscal and tax support policies to help private enterprises share risks and reduce financing costs, thereby motivating private investment. This year, dedicated funds will be allocated to enhance credit support for private bond issuance; a special guarantee plan for private investment will be established; and policies for interest subsidies on loans to small and micro enterprises will be implemented, guiding more financial resources toward business entities and the real economy.

(Reporter Liu Ying Ding Yani)

(Source: CCTV News Client)

(Editor: Bi Fengzhi)

Keywords:

• Replacing old goods with new
• Consumption