China has disbursed all 200 billion yuan (about 29.39 billion U.S. dollars) of ultra-long special treasury bonds to support equipment upgrades this year, the country's top economic planner announced on Friday.
The sum has been allocated by the National Development and Reform Commission (NDRC) for equipment upgrades in 2026 under the large-scale equipment upgrades and consumer goods trade-in programs.
The NDRC has recently issued the third batch of equipment upgrade project lists and funding arrangements, covering sectors such as energy and power, logistics, education, elderly care facilities, retail and commercial facilities, and elevator installation in old residential communities.
The full-year 200 billion yuan, disbursed in three batches, supports around 11,000 projects across 22 sectors, providing strong support for accelerating industrial upgrading, promoting green development, improving people's welfare and strengthening safety guarantees.
Investment in the purchase of equipment and machinery grew 9.3 percent year on year in the first five months of 2026, accounting for 17.5 percent of total investment, up 2.2 percentage points from the same period last year, NDRC data showed.
The commission will work with relevant departments to strengthen whole-process closed-loop management and fully leverage the effectiveness of central funding, according to an NDRC official.
China disburses 200 billion yuan in ultra-long special treasury bonds for 2026 equipment upgrades
Iran's main military command, Khatam al-Anbiya Central Headquarters, on Thursday warned that any U.S. interference in the Strait of Hormuz will be met with the Iranian armed forces' "decisive and swift" response.
In a statement carried by Iranian media, the headquarters stressed that the strait is not the "aggressive U.S. playground", but the territory of Iran's "undisputed sovereignty", with its security and stability considered a red line for the Iranian military.
It stressed that all oil tankers and commercial vessels seeking to pass through the strait must use routes designated by Iran, warning that any non-compliance and use of other routes, or disregard for Iran's navigation protocols, will face the Iranian armed forces' "immediate and decisive" response, and endanger the violating vessels' safety.
The headquarters said that Iran considers any U.S. attempt to interfere in security affairs or cause disruption in the Strait of Hormuz as a threat against its national security, and will respond to it "swiftly and decisively."
It emphasized that the continued presence of U.S. manned and unmanned fighter aircraft over the waterway will cause insecurity, adding that Iran will not hesitate to take the necessary actions to "crush any aggression" by the U.S. forces and their supporters to protect its sovereignty over the strait.
Iran has tightened its grip on the strait since Feb 28, 2026, when it barred safe passage of vessels belonging to or affiliated with Israel and the United States following their joint strikes on Iranian territory.
Iran warns of response to any U.S. interference in Hormuz Strait
