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large-scale equipment renewals
大规模设备更新
China's move to promote a new round of large-scale equipment renewals is estimated to create an enormous market worth more than 5 trillion yuan, according to the National Development and Reform Commission (NDRC). With the further advancement of high-quality development in China, the demand for equipment renewals will only get stronger, said NDRC.
国家发展改革委透露，随着高质量发展的深入推进，设备更新的需求会不断扩大，初步估算新一轮大规模设备更新将是一个5万亿元以上的巨大市场。
Speeding up product upgrading is an important measure for promoting high-quality development. Efforts should be made to encourage and guide a new round of large-scale equipment renewal and trade-in of consumer goods.
加快产品更新换代是推动高质量发展的重要举措，要鼓励引导新一轮大规模设备更新和消费品以旧换新。
Vocabulary:
相关词汇:
trade-in of old consumer goods
消费品以旧换新
national economic flows
国民经济循环
中国日报网英语点津工作室（本文于“学习强国”学习平台首发）
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