The National Development and Reform Commission has allocated the third and final batch of equipment renewal projects and funding, completing the 20 billion yuan in ultra-long special treasury bonds earmarked for large-scale equipment renewal in 2026. The funding covers 22 fields and about 11,000 projects nationwide.
Investment in equipment and instruments rose 9.3% year on year in the first five months of 2026, accounting for 17.5% of total fixed asset investment, 2.2 percentage points higher than a year earlier.
Machine tools sit at the centre of the programme
On 4 July, the 2026 "Industrial Mother Machine +" demand-supply matchmaking event was held in Shanghai. Two rounds of agreements were signed with cumulative investment of more than 1.6 billion yuan and more than 100 cooperation projects, alongside the release of 147 typical cases of innovative machine tool products and the launch of a dedicated matchmaking service platform.
For manufacturers and end users evaluating replacement cycles, the practical window is the current one: ageing equipment with six to ten years of service is the focus of the policy, and projects are being assessed against domestic content targets.
