ANNOUNCEMENT 14 Dec 2011

In December 2011, the government of China announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 01 Jan 2011 | Removal date: 31 Dec 2015
Still in force

Tax or social insurance relief

On 14 December 2011, the Ministry of Finance annouced Notice No. 128 of 2011, canceling local VAT on 9 HIV/AIDS medicines, produced by 5 Chinese pharmaceutical in China. This policy is effective between 1 January 2011 and 31 December 2015.
 
Company list: Northeast Pharmaceuticals, Desano Pharma, Zhejiang Huahai Pharmaceutical Co., Xiamen Matrix Laboratories Ltd., Anhui Biochem United Pharmaceutical Co., Ltd.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED SECTORS