CCTV News (News Network): The reporter learned from the National Development and Reform Commission that since the implementation of the policy of large-scale equipment renewal and consumer goods trade-in policies, it has strongly supported the development of private enterprises. According to preliminary statistics, in the fields of industry and recycling, the scale of ultra-long-term special treasury bond funds supporting private enterprises account for more than 80%, driving the steady growth of private project investment in related fields. In the next step, we will continue to optimize the policy environment for private enterprises to participate in the "two new" and speed up the issuance of investment subsidies for equipment renewal in 2025 for ultra-long-term treasury bonds. Optimize the financing environment for equipment renewal of private enterprises and increase efforts to implement loan interest subsidies. On the basis of scientific and technological innovation and technological transformation and re-lending, we will study and formulate and implement equipment renewal interest subsidies to further reduce the financing costs of business entities.