ANNOUNCED AS TEMPORARYNo
State aid, nes
On the 28th of September, 2016, the PRC Ministry of Industry and Information Technology announced its implementation of the PRC's 13th Five-Year Plan in the textile and cotton industries. The plans main aims include a target of supporting the then current growth level of 6-7%, as well as maintaining the strength of the Chinese textile market, both domestically and overseas.
The MIIT's plan calls foresees channelling existing government funds towards the textile industry. In particular, additional funds shall be used to support scientific and technological innovation, technological transformation, intelligent manufacturing, green manufacturing, brand building as well as the construction of an industry service platform.
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