BEIJING, Dec. 30 (Xinhua) -- China has allocated 62.5 billion yuan (about 8.88 billion U.S. dollars) in ultra-long special treasury bond funds in advance to support the trade-ins of consumer goods for 2026, the country's top economic planner said Tuesday.

The funds -- the first to support the trade-in program for 2026 -- were initiated by the National Development and Reform Commission (NDRC) and the Ministry of Finance, the NDRC said.

The move aims to ensure policy continuity and meet surging consumption demand during the upcoming New Year and Spring Festival holidays, the NDRC said, noting that it will guide local authorities to leverage the funds and implement the consumer goods trade-in program in an improved, orderly manner.

Also on Tuesday, the NDRC and the finance ministry issued a joint announcement, detailing policies and measures for the implementation of large-scale equipment renewal and consumer goods trade-in programs in 2026. ■