China’s National Development and Reform Commission unveiled its 2026 draft report focused on domestic demand, industrial upgrading and tech self-reliance. Key funding projects include:
250 billion yuan from ultra-long-term special treasury bonds to support consumer goods trade-in programmes
200 billion yuan from ultra-long-term special treasury bonds to support large-scale equipment upgrades
100-billion-yuan special fiscal-financial coordination fund to boost domestic consumption
NDRC…