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China issues 1.3 trillion yuan in long-term bonds
China raised 1.3 trillion yuan (approximately 193 billion USD) through the issuance of long-term special treasury bonds in 2026, to support national strategic and security projects, and in line with directives to modernize equipment and boost domestic demand. Of this amount, 800 billion yuan was allocated for implementing key initiatives and capacity building, 250 billion yuan to support the replacement of consumer goods, 200 billion yuan for equipment upgrades, and 50 billion yuan to establish a financial and banking coordination fund. These policies have contributed to increasing consumption and driving growth in car sales, home appliances, and digital products, with consumer goods replacement programs recording 208 million transactions so far.
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