The National Development and Reform Commission and the Ministry of Finance have issued a notice regarding the implementation of large-scale equipment updates and the exchange of old consumer goods for new ones in 2025. Efforts are being made to strengthen support for equipment upgrade projects in key areas. The funding scale of ultra-long-term special government bonds for supporting equipment upgrades in key areas will be increased. In addition to continuing to support the upgrading of industrial, energy equipment, Energy, Electrical Utilities, Transportation, Logistics, environmental infrastructure, Education, cultural tourism, Medical, old elevators, etc., the support scope will be further extended to electronic information, safety production, facility Agriculture, and other fields, focusing on supporting high-end, Asia Vets, and green equipment applications. Localities with conditions are encouraged to use industrial parks and industrial clusters as platforms to comprehensively deploy and scale up equipment upgrades.