The notice from the National Development and Reform Commission and the Ministry of Finance regarding the implementation of large-scale equipment upgrading and the replacement policy for consumer goods by 2025 points out: to leverage the role of technology innovation and the re-lending policy for technological transformation, for eligible operating entities' bank loan principal related to equipment upgrades, in addition to a 1.5 percentage point interest subsidy from the central government, the National Development and Reform Commission will arrange for ultra-long-term special treasury bond funds for additional interest subsidies, further reducing the financing cost for operating entities' equipment upgrades.
两部门：加力实施设备更新贷款贴息
Two departments: Strengthen the implementation of equipment update loan interest subsidies.
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