IMPLEMENTATION LEVEL

National

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 20th of July 2017, the State Council of the PRC released a detailed plan, which laid out the route for China to become the world leader in artificial intelligence (AI) by 2030. Several areas of the industry will be targeted in a stepwise fashion to achieve this goal, and the plan will be supported by the allocation of 'existing government funds' (i.e. subsidies) as well as targeted investments from tech incubators, angel and venture capital firms. Lenient tax policies will also be granted to innovative firms of all sizes.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

831 Management consulting & management services; ITC services

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