ANNOUNCEMENT 24 Jun 2013In June 2013, the government of China announced a change to private-sector financial support.
NUMBER OF INTERVENTIONS
National Development and Reform Commission (NDRC):
On June 24, 2013, the National Development and Reform Commission (NDRC) released the Measures for Management of Central Budgetary Investment Subsidy and Interest Discount Project.
In accordance with these Measures, qualified governmental or private investment projects will receive investment subsidies and loan interest discounts. The investment subsidy and interest discount funds will be focused on economic and social areas where the government presumes market failures. Qualified projects include:
These Measures will come into effect on July 15, 2013. It cannot be ruled out that these subsidies could be received by firms in China that face competition from rival firms at home or abroad. Such subsidies are likely to affect international trade and confer a benefit on recipients.