
Ministry of Commerce: The first batch of financial support funds amounting to 8.6 billion yuan has been allocated to the pilot cities for consumption "Three New" initiatives

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Vice Minister of Commerce Yan Dong announced at the State Council's regular policy briefing that since September 2025, the Ministry of Commerce and the Ministry of Finance have jointly launched pilot projects for new consumption formats, models, and scenarios, identifying 50 pilot cities and allocating the first batch of financial support funds amounting to 8.6 billion yuan to these cities
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