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: 20 Mar 2017 | Removal date: 31 Dec 2020
Still in force

Financial grant

On the 20th of March, 2017, the provincial government in China's Jiangsu announced its implementation plan for a plan to boost 'Advanced Manufacturing' in the PRC (see related state act) as under the Made in China 2025 programme.

Several subsidies will be made available:

  • One time payments of between 7.3-22m USD (50-150m CNY) for ‘outstanding intelligent manufacturing’ firms;
  • Subsidy of up to 1.47m USD (10m CNY) for advanced internet firms;
  • 73k USD (500k CNY) reward to 'model service-based manufacturing' firms;
  • Up to 4.4m USD (30m CNY) over three years for manufacturing 'innovation centres';
  • Up to 1.47m USD (10m CNY) for outstanding firms in 'major technical research' related to manufacturing;
  • Various yearly 'prizes' for outstanding firms improving the level of both national and international standardisation in the province (440k, 290k, 150k USD [3m, 2m, 1m and 500k CNY] available);
  • 730k USD (5m CNY) prizes to the 'top 500' advanced manufacturing firms in the region;
  • 5% subsidy for the acquisition of foreign R&D enterprises (up to 730k USD [5m CNY]);
  • 730k USD (5m CNY) prize for leading firms in green tech;
  • Potential interest payment discounts to the value of up to 10m CNY for advanced internet firms.

While a specific implementation period is not mentioned, most of the announcement stipulates that initiatives will be carried out 'within the 13th Five-Year Plan period'.

The funds will come from 'state funds, special funds, etc.', for example, the 'Belt and Road' investment fund.

AFFECTED COUNTRIES

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TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

441 Agricultural or forestry machinery & parts
442 Machine-tools & parts
443 Machinery for metallurgy & parts
444 Machinery for mining, quarrying & construction; parts
445 Machinery for food, beverage & tobacco processing; parts
446 Machinery for textile, apparel & leather production; parts
461 Electric motors, generators & transformers; parts
462 Electricity distribution & control apparatus; parts
463 Insulated wire & cable; optical fibre cables
464 Accumulators, primary cells & primary batteries; parts
465 Electric filament or discharge lamps; lighting equipment; parts
469 Other electrical equipment & parts
491 Motor vehicles, trailers & semi-trailers; parts
493 Ships
495 Railway & tramway locomotives & rolling stock; parts

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