IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

State loan

On the 8th of November 2016, the Provincial Government of Shaanxi, China, announced its regional implementation of the PRC Ministry of Industry and Information Technology's 13th Five-Year Plan for the textile industry.

The goals of the regional plan are largely the same, with targets mentioned such as the promotion of green production technology, maintenance of the strength of the Chinese textile industry both at home and overseas, etc.

In Shaanxi, however, there is an emphasis on the use of preferential financial treatment, as opposed to tax breaks and grants, in carrying out the plan.

The plan mentions the improvement of credit support; supportive financial policies for new firms and the establishment of an 'Equity Trading Centre' to give bonuses to successful entreprises.

The plan will apply for the length of the national 13th Five-Year Plan Period: 2016-2020.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

261 Natural textile fibres prepared for spinning
262 Man-made textile staple fibres processed for spinning
263 Textile yarn & thread of natural fibres
264 Textile yarn & thread of man-made filaments or staple fibres
265 Woven fabrics of natural non-cotton fibres
266 Woven fabrics (except special fabrics) of cotton
267 Woven fabrics of man-made filaments & staple fibres
268 Special fabrics
271 Made-up textile articles
272 Carpets & other textile floor coverings
273 Twine, cordage, ropes & cables; articles thereof
279 Textiles n.e.c.
281 Knitted or crocheted fabrics
282 Wearing apparel, except fur apparel
283 Furskins & artificial fur; articles thereof

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