Customers check out new-energy vehicles at a large shopping mall in Jinhua, East China's Zhejiang Province on February 23, 2025. According to data from the National Development and Reform Commission, China issued 150 billion yuan ($20.7billion) in ultra-long-term special government bonds in 2024 to support trade-in programs for consumer goods, boosting sales of more than 1.3 trillion yuan. Photo: VCG