# Stimulus

Industrial Reinvention: Beijing Unleashes 91.5 Billion Yuan to Modernize China's Productive Forces

China's NDRC has released 91.5 billion yuan in special bonds to fund equipment upgrades across 16 sectors, aiming to stimulate demand and modernize its industrial base. The move brings the total allocated funds to 92% of the annual target, reflecting a strategic pivot toward high-quality, green, and digitalized manufacturing growth.

SoBiz2026年5月2日 02:58

#NDRC#Equipment Renewal#Special Government Bonds

Scrabble tiles with Cyrillic letters spelling 'верь' displayed on a wooden surface.

Business

Beijing’s Fiscal Pivot: Centralizing Debt to Rescue Local Coffers and Revive Demand

China will issue 1.3 trillion yuan in ultra-long special treasury bonds in 2026, with over 80% of the funds directed to local governments to relieve fiscal pressure and optimize the national debt structure. The funds are primarily targeted at strategic infrastructure, industrial upgrades, and a new fiscal-financial coordination mechanism intended to stimulate domestic demand.

SoBiz2026年3月27日 08:57

#China Economy#Fiscal Policy#Local Government Debt