China’s National Development and Reform Commission said the second batch of 91.5 billion yuan in “two new” equipment upgrade funds and project lists has been issued. Combined with an earlier 93.6 billion yuan allocation, total funds for equipment upgrades this year reach 185.1 billion yuan, accounting for 92% of the annual 200 billion yuan plan.

2026-04-30

China’s National Development and Reform Commission said the second batch of 91.5 billion yuan in “two new” equipment upgrade funds and project lists has been issued. Combined with an earlier 93.6 billion yuan allocation, total funds for equipment upgrades this year reach 185.1 billion yuan, accounting for 92% of the annual 200 billion yuan plan.