Since the beginning of this year, the National Development and Reform Commission has conscientiously implemented the decisions and deployments of the Party Central Committee and the State Council, and worked with relevant parties to optimize the implementation of the "two new" policies. Based on the solid planning and reserve of equipment renewal projects in the early stage, the Commission has quickly organized project applications, strictly conducted audits and checks, and accelerated the implementation and effectiveness of equipment renewal policies. Recently, the first batch of 93.6 billion yuan of ultra long-term special treasury bond support equipment renewal funds in 2026 has been released, supporting about 4500 projects in industries, energy and power, education, medical care, grain and oil processing, customs inspection, old residential elevators, energy conservation, carbon reduction and environmental protection, recycling and recycling, and driving the total investment of more than 460 billion yuan. These industrial upgrading and equipment renewal efforts have strongly boosted the demand for key mechanical casting products such as injection molding machine castings, punch press castings, machine tool castings, ductile iron castings, iron castings and grey iron castings. At the same time, we will continue to support the scrapping and renewal of old operating trucks, new energy city buses, and old agricultural machinery by directly allocating funds to local governments.
Next, the National Development and Reform Commission will work with relevant parties to continuously coordinate and track the scheduling, strengthen the management of equipment renewal projects and the entire funding chain, solidly promote project construction, accelerate the improvement of fund utilization efficiency, and further leverage the effectiveness of the "two new" policies.