Zhao Chenxin, deputy director of the National Development and Reform Commission, stated at the regular press conference of the State Council on January 8 that efforts will be made to promote and implement policies in coordination with local and departmental initiatives while supporting localities to better exert their enthusiasm, initiative, and creativity. Firstly, prompt support funding will be allocated. Recently, in conjunction with the Ministry of Finance, we have accurately calculated the funding needs and allocated this year's first batch of funds for the replacement of old consumer products to localities. The application process for equipment renewal projects has also been initiated, and it will be quickly reviewed and allocated once localities complete their applications. Secondly, effective supervision and management will be strengthened. We will urge all relevant parties to strictly implement the special long-term government bonds management measures that support "two new" funding, ensuring that funds are used for specific purposes only, preventing crowding out and misappropriation, and ensuring that funds truly go towards "two new". Additionally, illegal and irregular behaviors such as "raising prices first and then discounting" and fraudulent subsidies will be severely cracked down on, continuously standardizing market order. Thirdly, ongoing publicity and interpretation will be maintained. We will work with relevant departments to guide localities in thoroughly interpreting various details, enabling enterprises and the public to better understand the policies and enjoy the benefits.