ANNOUNCEMENT 09 Nov 2016

On the 9th of November 2016, the China Development Bank and Chinese Ministry of Industry and Information Technology signed a joint agreement for financial support of the 'Made in China 2025' programme during the 13th Five-Year Plan period.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Chinese Ministry of Industry and Information Technology, 9th November 2016. (工业和信息化部与国家开发银行签订共同推进实施“中国制造2025”战略合作协议)
http://www.miit.gov.cn/newweb/n1146290/n1146397/c5347840/content.html

Inception date: 09 Nov 2016 | Removal date: open ended

State loan

On the 9th of November 2016, the China Development Bank and Chinese Ministry of Industry and Information Technology signed a joint agreement, wherein the bank pledged to provide USD 44bn (CNY 300bn) of investment to support the scheme, within the 13th Five-Year Plan Period (2016-2020).

The sectors in question are based on Made in China 2025's 'Ten Areas' that will be targeted. They are as follows:

  1. New advanced information technology
  2. Automated machine tools & robotics
  3. Aerospace and aeronautical equipment
  4. Maritime equipment and high-tech shipping
  5. Modern rail transport equipment
  6. New-energy vehicles and equipment
  7. Power equipment
  8. Agricultural equipment
  9. New materials
  10. Biopharma and advanced medical products

 

AFFECTED PRODUCTS

 
N/A