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: 18 Apr 2017 | Removal date: open ended
Still in force

Financial grant

On the 18th of April 2017, Nanjing City, capital of Jiangsu province, China, announced its implementation of a nationwide push to boost 'advanced manufacturing' in the PRC.

Several financial grants were made available in the city, including:

  • Up to 1.45m USD (10m CNY) for 100 companies identified as 'key industrial or technological advancers';
  • 150k USD (1m CNY) prizes for 'intelligent factories';
  • 2.9m USD (20m CNY) prizes for 'intelligent factory software/logistics firms';
  • 'Significant' prizes for 'intelligent manufacturing overall solution providers';
  • 73-150k USD (500k - 1m CNY) prizes for certain advanced recycling firms;
  • 150k USD (1m CNY) for firms identified as part of the 'ecopark development' projects;
  • 73k USD (500k CNY) for firms officially identified as 'eco supply chain and management' companies;
  • Max. 3m CNY for 'green product design' firms;
  • Various subsidies for advanced R&D firms;
  • Various subsidies for firms that meet requirements of quality and national standards for their operations/products;
  • Several other piecemeal subsidies for eligible firms.

Almost all of the grants are available on an annual basis to qualifying firms. The announcement mentions the establishment of several sets of guidelines and criteria to determine whether firms qualify for the grants.

This policy comes after the establishment of the $3bn 'advanced manufacturing fund' set up by the PRC Ministry of Industry and Information Technology (see related state acts), and is part of a nationwide push to modernise and increase the sustainability of China's manufacturing industry.

AFFECTED COUNTRIES

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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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