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China has issued 300 billion yuan ($42.5 billion) in treasury bonds to support equipment upgrades andtrade-in deals for consumer goods, significantly boosting the growth of consumption and economic momentum, said the country's top economic regulator.

据国家发展改革委消息，中国已发行3,000亿元人民币（425亿美元）国债资金用于支持大规模设备更新和消费品以旧换新，极大地促进了消费增长和经济动能。

The special treasury bonds fund has been fully allocated, and the upgrading and trade-in policy has been implemented in various regions across the country, the National Development and Reform Commission said on Monday.
国家发展改革委23日表示，目前国债资金已全面下达，大规模设备更新和消费品以旧换新政策在全国各地区推行实施。

"The policy has effectively helped release consumption potential in the country, driving sales growth of related products such as automobiles and household appliances," said Zhao Chenxin, deputy head of the commission.
国家发展改革委副主任赵辰昕表示：“该政策有力释放了国内消费潜力，带动汽车、家电等相关产品销售明显上涨。”

"China is a giant that consumes a large amount of durable consumer goods, with the inventory of household appliances exceeding 3 billion units and cars over 300 million units. Improving the energy efficiency level of those existing products through trade-in deals will also help reduce China's overall energy consumption and carbon emissions," Zhao said.
赵辰昕解释：“我国是耐用消费品保有大国，家电保有量超过30亿台，汽车保有量超过3亿辆。通过以旧换新提高这些存量产品的能效水平，将有助于降低我国总体能耗水平和碳排放强度。”

In August, retail sales of passenger vehicles in China reached 1.91 million units, an increase of 10.8 percent compared with July. Sales of new energy vehicles hit 1.03 million units, a 17 percent increase over July, according to the China Automobile Dealers Association.

据中国汽车流通协会统计，8月份，中国乘用车零售量达到191万辆，比7月份增长10.8%；新能源汽车零售量达到103万辆，比7月份增长17%。

The penetration rate of NEVs in China has exceeded 50 percent for two consecutive months, and 2 million high-emission cars are expected to be phased out by the end of the year, the NDRC said.
国家发展改革委表示，中国的新能源汽车渗透率连续两个月突破50%，预计全年将实现200万辆低排放标准乘用车退出。

For consumers who scrap and replace polluting automobiles, subsidies of 20,000 yuan will be provided for the purchase of NEVs and 15,000 yuan for buying fuel-efficient passenger vehicles with displacement of 2.0 liters or below, according to the latest policy.

根据最新政策，对于报废和更换污染严重的汽车的消费者，购买新能源乘用车可获2万元补贴，购买2.0升及以下排量燃油乘用车可获1.5万元补贴。

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