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China allocates RMB 250 billion for trade-in programs for consumer-Die Casting Exhibition-Foundry Exhibition-The 26th China(Guangzhou) International Die casting Foundry & Industrial Furnace Exhibition
3/10/2026 压铸展-铸造展- Die-casting expo-foundry expo |
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On March 5, Premier Li Qiang of China delivered the government work report to the Fourth Session of the 14thNational People''s Congress (NPC), announcing that China''s deficit-to-GDP ratio is projected to be around fourpercent this year, with a deficit of RMB 5.89 trilion ($0.85 trillion), an increase of RMB 230 billion ($33.3 billion)compared to 2025.
Meanwhile, the government plans to issue RMB 1.3 trillion ($0.19 trilion) in ultra-long-term special bonds tocontinue supporting the implementation of major national strategies and enhancing security capabilities in keyareas, advancing a new round of large-scale equipment upgrades, and promoting trade-in programs forconsumer goods, aiming to expand domestic demand and ensure economic growth. In particular, China plans toallocate RMB 250 billion ($36.2 billion) in ultra-long-term special bonds for trade-in programs for consumergoods in 2026.
压铸展-铸造展-2026第二十六届广州国际压铸、铸造及工业炉展览会-Die Casting Exhibition-Foundry Exhibition-The 26th China(Guangzhou) International Die casting Foundry & Industrial Furnace Exhibition
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