In August 2024, Peking began to promote the renovation of old elevators in residences supported by ultra-long-term special national bonds, with 911 old elevators joining the policy "fast track." By the end of last year, all 911 elevators had commenced construction, and 296 elevators had completed their upgrades.
北京：超长期国债资金支持电梯更新 911部全部开工
Peking: Ultra-long-term national debt funds support the renovation of elevators, all 911 units have begun construction.
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