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On February 28th, the Shenzhen Municipal Implementation Plan for Supporting the Replacement and Improvement of Consumer Goods with Ultra-Long-Term Special Treasury Bonds (2026) mentioned supporting car replacement and renewal. Individual consumers who transfer their passenger vehicles registered in their own name and purchase new energy passenger vehicles included in the "Catalogue of New Energy Vehicle Models Eligible for Vehicle Purchase Tax Reduction or Exemption" or fuel passenger vehicles with an engine displacement of 2.0 liters or less will receive a car replacement and renewal subsidy. Specifically, the subsidy for purchasing new energy passenger vehicles is 8% of the vehicle price (maximum 15,000 yuan), and the subsidy for purchasing fuel passenger vehicles with an engine displacement of 2.0 liters or less is 6% of the vehicle price (maximum 13,000 yuan).

On February 28th, the Shenzhen Municipal Government's Implementation Plan for Supporting the Replacement and Improvement of Consumer Goods with Ultra-Long-Term Special Treasury Bonds (2026) mentioned supporting the scrapping and replacement of vehicles. Individual consumers who scrap their passenger vehicles registered in their own name and purchase new energy passenger vehicles included in the "Catalogue of New Energy Vehicle Models Eligible for Vehicle Purchase Tax Reduction or Exemption" or fuel-powered passenger vehicles with an engine displacement of 2.0 liters or less will receive a vehicle scrapping and replacement subsidy. Specifically, the subsidy for purchasing new energy passenger vehicles is 12% of the vehicle price (maximum 20,000 yuan), and the subsidy for purchasing fuel-powered vehicles with an engine displacement of 2.0 liters or less is 10% of the vehicle price (maximum 15,000 yuan).

February 28th - According to the China State Railway Group, the national railway system is expected to transport 16.35 million passengers today (February 28th), with 1,060 additional passenger trains planned. Yesterday (February 27th), the national railway system transported 15.551 million passengers, an increase of 18% year-on-year, maintaining a level above 15 million passengers for eight consecutive days, with transportation remaining safe, stable, and orderly.

February 28th - According to the Statistical Communiqué on National Economic and Social Development in 2025 released by the National Bureau of Statistics on February 28th, 25.74 million new business entities were established in my country in 2025, with an average of 26,000 new enterprises established per day.

According to the National Bureau of Statistics, the total value of China's imports and exports of goods in 2025 reached 45,468.5 billion yuan, an increase of 3.8% over the previous year. Among them, exports reached 26,989 billion yuan, an increase of 6.1%; imports reached 18,479.5 billion yuan, an increase of 0.5%. The trade surplus was 8,509.4 billion yuan.

According to the National Bureau of Statistics, by the end of 2025, the total number of civilian vehicles in China will reach 366.11 million (including 6.81 million three-wheeled vehicles and low-speed trucks), an increase of 13.43 million from the end of the previous year. Of these, privately owned vehicles will number 323.36 million, an increase of 13.48 million. The number of passenger cars will reach 197.73 million, an increase of 4.29 million, of which privately owned passenger cars will number 186.91 million, an increase of 4.87 million.

According to the National Bureau of Statistics, China's foreign exchange reserves at the end of the year were US$3,357.9 billion, an increase of US$155.5 billion from the end of the previous year. The average exchange rate of the RMB throughout the year was 7.1429 yuan to 1 US dollar, a depreciation of 0.3% compared to the previous year.

Xiaomi Motors teased a surprise for its upcoming car launch. Xiaomi Group Chairman Lei Jun said, "See you tomorrow."

February 28 - UN Secretary-General António Guterres' spokesperson, Stéphane Dujarric, stated on the 27th that Guterres is deeply concerned about the escalating violence between Afghanistan and Pakistan and its impact on civilians. He called on both sides to immediately cease hostilities and resolve their differences through diplomatic means.

European Council: Urges Afghanistan to engage in dialogue with Pakistan.

European Council: The EU reiterates that Afghan territory must not be used to threaten or attack other countries.

The European Council called on all parties to immediately de-escalate the situation and cease hostilities following a sharp increase in violence in Afghanistan and Pakistan.

According to the Islamic Republic News Agency (IRNA), Iranian Foreign Minister Araqchi and Saudi Foreign Minister held multiple phone calls to discuss the latest situation.

The U.S. State Department stated that Washington supports Pakistan's "right to self-defense" against the Afghan Taliban.

US President Trump on Iran: A meaningful agreement is needed.

US President Trump: Venezuelan oil will be refined in the United States and some of it will be exported.