ANNOUNCEMENT 25 May 2018
May 25th, 2018 - The Chinese government released details of a plan to boost various of its industrial sectors.
NUMBER OF INTERVENTIONS
PRC Ministry of Industry and Information Technology, May 25th, 2018. (工信厅联规〔2018〕36号 工业和信息化部办公厅 财政部办公厅关于发布2018年工业转型升级资金工作指南的通知)
Ibid., August 14th, 2018. (工信部规函〔2018〕279号 工业和信息化部关于发布2018年工业转型升级资金（部门预算）项目指南的通知)
PRC Ministry of Finance, 2018. (2018年工业转型升级资金对地方补助分配结果)
In May 2018, the Chinese Ministry of Industry and Information Technology released a plan for a new fund intended to boost industry in the nation, entitled the 'Industry Transformation Promotion Fund'.
The announcement promised financial support for various sectors of the Chinese manufacturing industry, thereafter, on August 14th, 2018, the Ministry published Gongxinbu Guihan 2018/279, a set of guidelines for firms wishing to apply to become recognised as a 'manufacturing innovation centre', in order to receive the support laid out in the May announcement.
Applicants must be of a native Chinese firm, as well as being Chinese nationals themselves.
Successful applicants will be able to apply for funding through other relevant government plans.
The document specifically focuses on secondary industries, excluding manufacturing services and R&D.
12 types of 'Manufacturing Innovation Centre' are proposed, along with subsidy amounts for each one, below.
The type of centre is shown first, with the subsidy amounts in brackets in format shown in the first entry. Total budget for the scheme was billed as USD 1.35bn (CNY 9.29bn). Please see sources for specific regional budget amounts.