ANNOUNCED AS TEMPORARYNo
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.
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