Announcement
03 Nov 2016
3rd November 2016 - The PRC Ministry of Industry and Information Technology ('MIIT') releases a 5-Year Plan to announce its methods of supporting the State Council's 13th 5-Year Plan.
The policy focuses on the 'integration of information technology and industry', targeting several technology sectors with tax breaks, R&D expense deductions, and other preferential financial treatment, as well as the establishment of various 'investment funds'.
The policy will be in effect from its release date until the same in 2020.
Source
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
03 Nov 2015
Revocation date:
No revocation date
Announced: 03 Nov 2016
Tax or social insurance relief
In force
The MIIT's release of the Five-Year Plan to improve the integration of information technology and industry also foresees tax exemptions for the IT industry as well as more generous deductions for R&am...
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Announced: 03 Nov 2016
State loan
In force
On the 3rd of November 2016, the Chinese PRC Ministry of Industry and Information Technology released a Five-Year Plan to improve the integration of information technology and industry. The key areas ...
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Related State Acts
Announced: 29 Mar 2017
China: Encouraged financial support for the integration of manufacturing and information technology
Announced: 09 Jan 2017
China (Henan): Provincial interpretation of MIIT's tech integration 5-Year Plan published
Announced: 28 Sep 2016
China: Government boost to increase 'Smart Manufacturing' in China over the 13th Five-Year Plan period
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