CCTV News (News Network): This year, my country has implemented a more proactive fiscal policy to ensure that fiscal policy continues to be effective and more powerful. At present, various regions are focusing on key areas, and a series of financial support measures that benefit people's livelihood, promote consumption and increase potential are being implemented and taken into effect at a faster pace.
In Dalian, Liaoning, the Changhai Bridge project, the largest cross-sea bridge project in the northeast region, was officially launched recently. After the project is completed, it takes only 20 minutes to reach the land from the island. In Jiangsu, a total of 500 major implementation projects in the province were arranged this year, of which more than 60% of strategic emerging industries and future industrial projects accounted for, injecting new impetus into the transformation and upgrading of manufacturing industries. With the support of local government special bonds, ultra-long-term special treasury bonds and other funds, a large number of key projects are being accelerated.
At the same time, fiscal funds continue to increase their efforts to support the expansion of the "two new" policies. At present, the central government has issued the first batch of 81 billion yuan in the exchange of old-for-new consumer goods in advance, and local governments have also increased their investment in supporting old-for-new consumer goods in accordance with local conditions. Heilongjiang has fully allocated 1 billion yuan of ultra-long-term special treasury bond funds and 50 million yuan of provincial supporting funds in various places. Shenzhen recently proposed to increase efforts to support consumer goods for new products, and expand the categories of home appliance products to new intelligent consumer products such as AI smart glasses and sweeping (mopping) robots.
This year, my country will arrange 4.4 trillion yuan of local government special bonds, an increase of 500 billion yuan over the previous year; and issuance of 1.3 trillion yuan of ultra-long-term special government bonds, an increase of 300 billion yuan over the previous year. Among them, 500 billion yuan is used to increase efforts to implement the "two new" policies, and 800 billion yuan is used to support the "two-fold" projects. The financial department will speed up the issuance of bond funds budgets, timely decompose and implement them into specific projects, and form physical workload as soon as possible.
