Two Departments Support Equipment Upgrades for SMEs, Increase Subsidy Standards for New Energy Buses and Power Batteries

To accommodate various sector characteristics, the threshold for applying for long-term special government bonds will be lowered, removing the requirement for projects to have a total investment of at least 1 billion yuan. This aims to support equipment upgrades for SMEs, increase fiscal interest subsidies for equipment renewal loans, and raise subsidy standards for scrapping and replacing vehicles.