China Urges the Petrochemical Industry to Adjust, Transform, and Increase Profitability

by: Lingna Yan

On August 3, 2016, the General Office of the State Council of China published the Guidelines on Structure Adjustment, Transformation, and Profitability Growth of ...

Read moreChina Urges the Petrochemical Industry to Adjust, Transform, and Increase Profitability

by: Lingna Yan

According to Mingbo Chen, the Director of Shanghai Municipal Economic and Information Technology Committee, Shanghai Municipal Integrated Circuit (“IC”) Industry Fund’s last sub-fund of 10 billion RMB will be fully in place by July 2017.Read more

by: Lingna Yan

On May 24, 2017, the State Council of China issued Several Opinions on Innovation-driven Development in Counties (“Opinions”), to promote mass entrepreneurship and innovation and foster new economic drivers for county-level economy.Read more

by: Lingna Yan

At the State Council’s Executive Meeting, which was held on May 3, 2017, the Chinese government pledged to strongly develop inclusive finance in China, to support small and micro-sized firms, agricultural developments, poverty alleviation, entrepreneurship, and innovation. Read more

by: Lingna Yan

On April 25, 2017, the Ministry of Industry and Information Technology of China, joined by the National Development and Reform Commission and the Ministry of Science and Technology, published the Automobile Industry Mid- and Long-term Development Plan (“Plan”) on its website, to promote the Chinese automobile industry.Read more

by: Lingna Yan

At the Executive Meeting held on April 19, 2017, the State Council of China issued six new tax reduction measures to further boost the substantive economic growth. Read more

by: Lingna Yan

The State Council of China issued Guidelines on Establishing Grain Production Function Zone and Key Crop Production Protection Zone on April 10, 2017, to promote structural adjustment in the agriculture sector, raise agricultural products’ competitiveness, and promote agriculture modernization.Read more

by: Lingna Yan

The Ministry of Industry and Information Technology of the People’s Republic of China (“MIIT”) published the Cloud Computing Development Three-year Action Plan (2017 – 2019) (“Plan”) on April 10, 2017, to promote the healthy and fast development of China’s emerging cloud computing industry.Read more

by: Lingna Yan

Following the Made in China 2025 strategy, five elite agencies of the Chinese central government published a joint policy on March 29, 2017, Guidelines of Five Agencies on Supporting the Construction of A Strong Manufacturing Country by Finance (Yin Fa (2017) No. 58) (“Guidelines”), to strengthen and improve financial supports and services for manufacturing industries.Read more

by: Lingna Yan

To further implement the “Made in China 2025” strategy, the Ministry of Industry and Information Technology of China (“MIIT”) published the Circular of the General Office of the Ministry of Industry and Information Technology on Printing and Distributing 2017 Key Tasks for National New Industrialization Pioneer Industrial Bases (the “Circular”) on its website on March 27, 2017. The Circular calls for selecting and developing “Made in China 2025” pioneer bases to be advanced manufacturing bases internationally influential and competitive, giving priorities to cultivating emerging industries and transforming traditional industries.Read more

by: Lingna Yan

On March 16, the General Office of the State Council of China published Opinions on Further Stimulating Investment in Social Welfare Areas (“Opinions”), to boost the development in certain social welfare areas including healthcare, retirement, education, culture, and sports.Read more