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China’s economic development draft report 2026 (www.scmp.com)

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China’s National Development and Reform Commission unveiled its 2026 draft report focused on domestic demand, industrial upgrading and tech self-reliance. Key funding projects include: 250 billion yuan from ultra-long-term special treasury bonds to support consumer goods trade-in programmes 200 billion yuan from ultra-long-term special treasury bonds to support large-scale equipment upgrades 100-billion-yuan special fiscal-financial coordination fund to boost domestic consumption NDRC...

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