China’s National Development and Reform Commission has completed allocation of a third tranche of 69 billion yuan (about $9.6 billion) for the country’s consumer-goods trade-in subsidy program, according to an official statement on Friday. The initiative, financed through ultra-long special treasury bonds, is designed to encourage households to replace old appliances and other consumer products with energy-efficient models, bolstering domestic demand as the government seeks to counter slowing economic momentum. A fourth batch of the same size—another 69 billion yuan—will be distributed in October, the NDRC said, signaling continued fiscal support for the program through the second half of the year.