Announcement
28 Sep 2016
September 28th, 2016 - The PRC Ministry of Industry and Information Technology announced a version of the 13th Five-Year Plan specifically to promote improvements in the cotton and textile industries. Both financial instruments (grants, tax breaks, credit channels, etc.) and direct supply controls will be used to achieve the goals of the plan. The plan will apply for the length of the national 13th Five-Year Plan Period: 2016-2020.
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Number of interventions
6
0 certainly harmful
5 likely harmful
1 liberalising
List of interventions
Implementation date
No implementation date
Revocation date:
No revocation date
Updated: 28 Sep 2016
Production subsidy
As a final avenue of support to high-quality domestic cotton production, the plan calls for financial subsidies related to cotton production including support for seed cultivation and technological...
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Updated: 28 Sep 2016
Anti-dumping
To promote domestic production of high-quality cotton, the Plan also calls for the use of trade remedy measures, where appropriate.
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Updated: 28 Sep 2016
Price stabilisation
The plan also foresees policy interventions to ensure adequate domestic cotton supply for the textile producers. According to the plan, government bodies should maintain cotton reserves and establi...
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Updated: 28 Sep 2016
Tax or social insurance relief
Besides financial support, the MIIT's plan also envisions the use of preferential tax policies. The plan propose to rebate property taxation as well as social insurance relief.
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Updated: 28 Sep 2016
State aid, nes
On the 28th of September, 2016, the PRC Ministry of Industry and Information Technology announced its implementation of the PRC's 13th Five-Year Plan in the textile and cotton industries. The plans...
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Implementation date
No implementation date
Revocation date:
No revocation date
Updated: 28 Sep 2016
Import quota
To support the textile industry, the plan also calls for an "improved" management of the cotton import quota system to ensure sufficient supply of high-quality cotton for the textile industry.
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