---
title: "250 billion yuan to support the replacement of old consumer goods with new ones, the Ministry of Finance will strengthen inclusive policies directly reaching consumers"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/280045176.md"
description: "At the China Development Forum, Minister of Finance Lan Fo'an announced that policies such as deficits, special bonds, and loan interest subsidies will be used to support the replacement of old consumer goods with new ones, with an arrangement of 250 billion yuan in special government bonds and 100 billion yuan in special funds to promote domestic demand. At the same time, he emphasized enhancing long-term consumption capacity and supporting employment, optimizing investment structure, and focusing on new urbanization and strategic projects"
datetime: "2026-03-22T07:10:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280045176.md)
  - [en](https://longbridge.com/en/news/280045176.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280045176.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/280045176.md) | [繁體中文](https://longbridge.com/zh-HK/news/280045176.md)


# 250 billion yuan to support the replacement of old consumer goods with new ones, the Ministry of Finance will strengthen inclusive policies directly reaching consumers

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

Lan Fo'an indicated that efforts will be made to boost consumption with greater intensity, increasing the reach of inclusive policies directly to consumers. This year, 250 billion yuan will be allocated for ultra-long-term special government bonds to support the replacement of old consumer goods with new ones, and a special fund of 100 billion yuan will be established for fiscal and financial collaboration to promote domestic demand, providing more "real money" to stimulate consumption. At the same time, long-term consumption capacity will be enhanced, support for employment will be strengthened, the social security system will be improved, and the regulatory roles of taxation and transfer payments will be reinforced to increase residents' income through multiple channels.

In terms of expanding effective investment, the government investment structure will be optimized, making good use of ultra-long-term special government bonds, local government special bonds, and central budget investments, focusing more on key areas such as new productive forces and new urbanization, and directing more investment towards strategically significant areas that are beneficial for improving total factor productivity, vigorously supporting the construction of major engineering projects identified in the 14th Five-Year Plan.

Lan Fo'an stated that fiscal and tax support policies will be improved to help private enterprises share risks and reduce financing costs, stimulating private investment enthusiasm. This year, funds will be specifically allocated to provide credit enhancement for private enterprises issuing bonds; a special guarantee plan for private investment will be established, and a loan interest subsidy policy for small and micro enterprises will be implemented to guide financial resources more towards operational entities and the real economy.

(CCTV reporter Liu Ying, Ding Yani)

©2026 China Central Radio and Television Station. All rights reserved. No reproduction or use without permission

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