A total of 300 billion yuan (about 21.3 billion U.S. dollars) ultra-long special treasury bonds to support large-scale equipment upgrades and trade-in of consumer goods have been fully allocated, according to an official from the National Development and Reform Commission (NDRC), China's top economic planner, on Monday.
According to Zhao Chenxin, deputy director of the National Development and Reform Commission (NDRC), multiple departments have identified over 4,600 eligible equipment upgrade projects.
The 150-billion-yuan ultra-long special treasury bonds for equipment updates have been fully allocated to these projects in two batches. Additionally, another 150-billion-yuan ultra-long special treasury bonds for the trade-in of consumer goods have been fully distributed to localities since early August.
"At the local level, 31 provinces, autonomous regions, municipalities directly under the central government, municipalities with independent budgetary status, and the Xinjiang Production and Construction Corps, have all issued implementation plans to strengthen support for large-scale equipment upgrades and trade-in of consumer goods. At the same time, various local supporting implementation details have been issued, totaling over 140," said Zhao.
Currently, supporting implementation details for enhancing equipment upgrades and trade-in of consumer goods have been fully rolled out, covering equipment updates in eight areas such as industrial equipment, new energy buses, and old elevators, as well as trade-in of consumer goods in four sectors including automobiles, home appliances, and kitchen and bathroom renovations.
China allocates 300 bln yuan ultra-long special treasury bonds
China allocates 300 bln yuan ultra-long special treasury bonds
Voting for the second phase of Myanmar's multi-party democratic general election concluded on Sunday afternoon.
Voting began at 06:00 local time on Sunday. At 16:00, an election official at a polling station in Yangon's Latha township announced the closure of the polling station.
Following the closure, election staff at the polling station, in the presence of domestic and international media, candidates, and observers, counted the votes, including advance votes, for seats in the Pyithu Hluttaw (Lower House), Amyotha Hluttaw (Upper House), and State and Region Hluttaws (State and Region Parliaments).
The second phase of the election was held in 100 townships across 12 of the 14 regions and states. In the Yangon region, it was held in 16 townships, including the townships of Latha, Bahan, Kyimyindaing and Kawhmu.
"We welcome the election, which is expected to bring new changes to the country," said a Yangon resident.
"I hope the parties can lead us and make it a better country, which is why I support the election," said another voter.
Myanmar's multi-party democratic general election is being held in three phases, with the first phase held in 102 townships on Dec 28 last year, and the third phase scheduled for Jan 25 this year in 63 townships.
"The parliament is scheduled to convene in March. Following the conclusion of the session, the new government will officially take office in April. We hope that more foreign investment will flow into Myanmar, enabling the public to enjoy the opportunities generated by the country's economic development more fully," said Zaw Min Tun, leader of the Information Team of Myanmar's National Defense and Security Council.
The Union Election Commission (UEC) said that about 5,000 candidates from 57 political parties are competing in the three phases of the election, adding that it plans to set up over 21,000 polling stations across the country for all three phases of the general election.
The election will produce the elected members of the Union Parliament (Pyithu Hluttaw and Amyotha Hluttaw) and State and Region Parliaments; the new Union Parliament will then elect a new president, who will form a new Union Government.
Voting for 2nd phase of Myanmar's general election concludes
