In order to fully implement the spirit of the 20th CPC National Congress and the Second and Third Plenary Sessions of the 20th CPC Central Committee, and conscientiously implement the decisions and arrangements of the CPC Central Committee and the State Council, in accordance with the Action Plan for Promoting Large-Scale Equipment Renewal and Trade-in of Consumer Goods (Guofa [2024] No. 7), we will now coordinate the allocation of about 300 billion yuan of ultra-long-term special treasury bonds to increase support for large-scale equipment renewal and trade-in of consumer goods. Among them, the National Development and Reform Commission will take the lead in arranging about 148 billion yuan of ultra-long-term special treasury bonds for large-scale equipment renewal. The central government will recover the unused central government funds as of December 31, 2024. The scope of support will be expanded to equipment renewal in the fields of energy and electricity, old elevators, and energy conservation, carbon reduction and safety transformation in key industries.