ANNOUNCEMENT 14 Sep 2013

September 14th, 2013 - The Chinese State Council released a sectoral support policy.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE

PRC State Council (via Ministry of Ecology and Environment), September 14th, 2013. (国办发〔2013〕93号 国务院办公厅关于进一步加快煤层气(煤矿瓦斯)抽采利用的意见)
http://www.mee.gov.cn/gzfw_13107/zcfg/hjjzc/gjfbdjjzcx/hjczzc/201606/t20160623_355607.shtml

Inception date: No inception date

Instrument unclear

On September 14th, 2013, the Chinese State Council released Guobanfa 2013/93 (hereafter, 'Announcement'), which laid out plans to provide support to firms in the coalbed gas extraction industry in China.

The Announcement promised 'increased financial support', concretely listed as 'subsidies', 'financial incentive funds' (i.e. grants) and tax concessions for firms in the industry.

Several other procedural assistances were mentioned in the Announcement, to reduce the bureaucratic burden on firms in this industry.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A