ANNOUNCED AS TEMPORARYNo
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:
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.
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