ANNOUNCED AS TEMPORARYNo
FDI: Financial incentive
On the 19th of May 2017, the municipal arm of the Chinese government in Nanjing released an 'opinion', centring on the encouragement of foreign capital investment in the city. This stems from a January announcement by the State Council and subsequent Jiangsu provincial edict (see related measures).
The announcement confirms the availability of several subsidies for foreign firms wishing to set up shop in the city. The subsidies take various forms, as listed below:
The plan goes into effect from the date of its promulgation and will last indefinitely.
It is interesting to note that several concerns commonly held by foreign firms wishing to branch out into the Chinese market are specifically addressed, including the reduction of red tape and guaranteeing of rental agreements and direct access to the Chinese market, but also IP protection, as detailed above.
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