ANNOUNCEMENT 09 Sep 2016
September 9, 2016 - The Chinese government published a new iteration of a scheme which granted interest subsidies on certain imports.
NUMBER OF INTERVENTIONS
PRC National Development and Reform Commission, September 9, 2016. (发改产业〔2016〕1982号)
On the 9th of September, 2016, three Chinese ministries* jointly announced a new version of a policy originally from 2009 (see related State Act) where certain imports would be granted interest subsidies.
Items which are considered by the National Development and Reform Commission difficult to obtain or manufacture in China, but useful for the advancement of Chinese technology, are included in the scheme.
In total, 20 new 'equipment' items and 40 new 'industries' were added to the catalogue.
The imports for which the scheme can be requested are divided into three categories as follows (in brackets are shown the total number of entries per category, and the difference from the previous edition of the catalogue):
Category 2. enumerates various specific tariff lines which are eligible for the discounts, which are included in the taxonomy section.
*PRC State Council, National Development and Reform Commission, Ministry of Commerce
In addition to the above, 71 'equipment' items and 43 'technologies' were removed from the list.
A fourth category, ‘Raw Materials', which was included in previous editions of the catalogue, has been removed entirely, along with the eligibility of products in said category to receive benefits; this equates to 20 tariff lines additionally removed.