ANNOUNCEMENT 28 Jan 2011
January 28th, 2011 - The Chinese government announced the broadening of a support scheme for a specific sector.
NUMBER OF INTERVENTIONS
PRC National People's Congress, January 28th, 2011. (国发〔2011〕4号 国务院关于印发进一步鼓励软件产业和集成电路产业发展若干政策的通知)
On January 28th, 2011, the Chinese State Council released Guofa 2011/4 (hereafter, the 'New Policy'), which renewed and expanded some of the preferential treatments first implemented ten years prior in Guofa 2000/18 (hereafter, the 'Old Policy').
The New Policy applies to the software and Integrated Circuit (IC) industries. Support measures for the software development industry were unchanged from the Old Policy.
The changes in the New Policy pertinent to IC firms are summarised below.
There were several other procedural support measures detailed in the New Policy which were present in the Old Policy, but with more detail provided.
The GTA treats top-level announcements such as this one from the Chinese State Council such as this as an amber intervention, as the details of their enaction are provided from the specific ministries tasked with implementing the policies at a later date - please see related acts for information on the implementation of the policies.
The New Policy was supplanted in 2020 with a renewed version, please refer to the related act for information on this.