December 7, 2024

China's top economic planner said Saturday that funds raised through the 1-trillion-yuan (about $139 billion) ultra-long special treasury bonds this year have all been allocated to support specific projects and programs.

Among the total, 700 billion yuan was allocated to implement major national strategies and build up security capacity in key areas, while 300 billion yuan was channeled to fund equipment upgrades and consumer goods trade-ins, according to the National Development and Reform Commission (NDRC).

The NDRC listed several projects supported by the funds, including constructing railways, highways and airports along the Yangtze River, building high-standard farmlands in northeast China, and the shelterbelt program in northeast, north and northwest China.

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