ANNOUNCED AS TEMPORARYNo
State aid, nes
Finally, as well as the above, there were two less concrete interventions raised in the text of the announcement.
Firstly, the 'creation of a risk compensation and spreading mechanism' to promote investment from non-state entities in eligible firms.
Secondly, the announcement stipulated that it is very important to 'prevent possible risks'. This will be achieved through content monitoring systems, digital cultural market warning and blacklist systems, and monitoring of credit channels.
Such monitoring is notoriously stringent in China (see 'Great Firewall of China' framework) and disadvantages any foreign firms wishing to enter this market. The precise nature of their implementation are yet to be announced, however.
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