ANNOUNCEMENT 24 Jun 2013

In June 2013, the government of China announced a change to private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



National Development and Reform Commission (NDRC):
http://www.ndrc.gov.cn/zcfb/zcfbl/2013ling/t20130624_546561.htm


Inception date: 15 Jul 2013 | Removal date: open ended
Still in force

Interest payment subsidy

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:

  • Public welfare and public infrastructure investment projects;
  • Environmental protection and improvement projects;
  • Investment projects that promoting the economic and social development of under-developed regions;
  • Investment projects that promoting technological development and high-tech industrialization.

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A