China's NDRC Issues 2026 'Two Major' Project List Backed by 800 Billion Yuan in Special Bonds

China's National Development and Reform Commission (NDRC) said the full 2026 project list for the “two major” construction initiative has been issued, with 800 billion yuan in ultra-long-term special government bond funding allocated for the year to support 1,417 major projects, according to Jiemian News. Interviewed experts said the funding is expected to provide key financing support for infrastructure investment and help stabilize economic performance, while calling for better coordination of government funds and new policy-based financial tools in the second half of the year, alongside policy measures to boost private investment.