"We have commissioned CRRC Dalian to customize 20 hybrid internal combustion locomotives with a power level of 1000 kilowatts to meet the railway transportation needs within the factory". Liu Qiang, deputy chief of the Ansteel Group's Railway Transport Department, said to the Securities Times reporter at the release event of the series of new energy locomotives by CRRC Group. This is a specific case of the implementation of the "Transportation Large-scale Equipment Renewal Action Plan". Since the State Council issued the "Action Plan for Promoting Large-scale Equipment Renewal and the Trade-in of Old Products for New" on March 13th, central and local policies have been released successively, and the Ministry of Finance and other four departments have recently issued documents to clarify the financial discount policy for equipment renewal loans. The framework of this round of large-scale equipment update policy has been further improved. Multiple data published by the National Bureau of Statistics show that the effect of equipment update driving economic growth has already been shown. However, according to investigations by reporters, the equipment renewal plans of many enterprises are still in the project preparation and declaration stage. Enterprises have strong demands for strengthening policy training and interpretation, clarifying project application and approval processes, and enriching accounting operation support, hoping that relevant departments can make more efforts to smooth some of the bottlenecks in the policy implementation process." (Securities Times)