IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Jul 2017 | Removal date: open ended
Still in force

Instrument unclear

On 13 July, 2017, the municipal government of Datong, Shaanxi province, China, announced its vocal support of Xi Jinping and his State Council's January announcement (see related measure) calling for more foreign investment in the PRC.

Although the announcement does not formalise specific policy instruments, it mentions that eligible foreign firms may benefit from tax breaks, eased market access and potential use of a government-backed 'investment fund' for selected innovative technology firms.

The announcement is interesting in that the Shaanxi government had not yet released its own version of the State Council edict, as is usually protocol in the PRC. The edict was mentioned briefly in one article of another announcement (see source 2, section 十八、(四)), but as of August 2017, that is all that has been released.

Several industries will be targeted by the plan - see taxonomy section for more info.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

711 Financial, insurance & pension services, excl. investment banking
712 Investment banking services
713 Insurance & pension services, excl. social security
714 Reinsurance services
715 Services auxiliary to financial services
716 Services auxiliary to insurance & pensions
717 Services of holding financial assets
811 Research & development in natural sciences & engineering
831 Management consulting & management services; ITC services

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