Reasons to invest in China's strategic emerging industries
July 01, 2010 | BY
clpstaff &clp articlesAuthorities formulating attractive subsidies and tax breaks
Businesses in seven new strategic industries can expect significant tax incentives and subsidies by the end of this year.
New financial measures (New Measures) are being formulated by the Ministry of Finance (Mof) and other regulators to support the development of the following new strategic industries: new energy, energy conservation and environmental protection industries, clean fuel vehicles, new materials, biomedical industry, high-end equipment manufacturing and information technology.
These industries were announced in February 2010 in the draft version of the Decision on Expediting Cultivation of New Strategic Industry, jointly issued by the National Development and Reform Commission (NDRC), the Ministry of Science and Technology, the Ministry of Finance and the Ministry of Industry and Information Technology.
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