On January 8, Zhao Chenxin, Deputy Director of the National Development and Reform Commission, stated at a regular press briefing of the State Council that this year, a portion of funds will be specially allocated to enhance the implementation of loan interest subsidies for equipment updates, amplify the effect of leveraging funds, and reduce the financing costs of equipment updates for operating entities. Furthermore, the subsidy standards for the scrapping and updating of Agricultural Machinery, New energy city buses, and Battery updates will be further improved.
国家发展改革委：安排资金加力实施设备更新贷款贴息
The National Development and Reform Commission: Allocating funds to strengthen the implementation of loan interest subsidies for equipment updates.
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