IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

State loan

On the 29th of November, 2016, the Chinese State Council released its subplan for 'Strategic Emerging Industries' (SEIs), detailing how the 13th Five-Year Plan will be implemented in said industries.

Industries included are those deemed at the absolute cutting edge, technologically speaking, that also have been deemed as potential GDP-contributors by the Chinese powers-at-be. This in turn means a firm must be domestic to be eligible (lest it contribute to another nation's GDP).

The plan promises 'active support for the direct financing of [eligible] firms'. Such financing can take one of several forms, including:

  • State-sanctioned venture capital;
  • Systems to support the equity trading of SEIs;
  • Promotion of information flow between banks and SEIs to increase likelihood of investment therein;
  • Development of financial leasing companies to support certain SEIs;

et cetera.

Examples of SEIs mentioned in the Plan:

  • Metamaterials
  • Genomics
  • Additive manufacturing
  • Digital creative industry
  • Environmental technology
  • New energy vehicles
  • Artifical intelligence
  • Professional services

There are also several sweeping targets for the policy, such as the integration of the internet in practically everything, from industrial manufacturing to school enrolment.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

653 Air & space transport services of freight
673 Supporting services for railway transport
674 Supporting services for road transport
675 Supporting services for water transport
676 Supporting services for air or space transport
811 Research & development in natural sciences & engineering
881 Food, beverage & tobacco manufacturing services
882 Textile, wearing apparel & leather manufacturing services
883 Wood & paper manufacturing services
884 Petroleum, chemical & pharmaceutical manufacturing services
885 Rubber, plastic & non-metallic mineral manufacturing services
886 Basic metal manufacturing services
887 Fabricated metal product & machinery manufacturing services
888 Transport equipment manufacturing services
889 Other manufacturing services
894 Recylcling services, on a fee or contract basis
931 Human health services
932 Residential care services for the elderly & disabled
933 Other social services with accommodation
934 Social services without accommodation
935 Other social services without accommodation

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