CCTV:

We're aware that the large-scale renewal of transportation equipment is an important task for the transport authorities this year. Could you please tell us what deployments and plans the MOT has in this regard? Thank you.

Li Xiaopeng:

Thank you to the reporter from CCTV for your question. The large-scale renewal of transportation equipment is one of our key priorities this year. The promotion of a new round of consumer goods trade-ins and large-scale equipment upgrades is a significant initiative put forth by the CPC Central Committee and the State Council, with a focus on China's overall high-quality development. The large-scale renewal of transportation equipment plays a crucial role in achieving high-quality development. The effort will help stimulate investment, improve infrastructure and drive industrial upgrading. Additionally, it contributes to energy saving and carbon reduction goals while is also helping to lower logistics costs. Overall, it delivers both immediate and long-term benefits.

For the transportation industry, the scale of equipment is substantial. As of the end of last year, China possessed more than 20,000 railway locomotives, over 12 million operational vehicles, approximately 120,000 water transport vessels, and nearly 700,000 public and electric buses. Among these, a significant portion of the equipment needs updating, representing a considerable scale of renewal.

We are fully implementing the decisions and plans of the CPC Central Committee and the State Council. In collaboration with the National Development and Reform Commission, the Ministry of Finance, and other relevant departments, we have formulated an action plan. Moving forward, we plan to carry out actions in seven areas: first, accelerating the elimination and renewal of old diesel commercial vehicles; second, scrapping and renewing old commercial ships; third, replacing urban buses with electric ones; fourth, eliminating and renewing old locomotives; fifth, replacing old postal and courier equipment; sixth, upgrading and renovating logistics facilities and equipment; seventh, improving standards. These seven areas cover all fields and departments of transportation. We will strengthen leadership, coordinate cooperation, improve policies, and accelerate implementation. Thank you.