Announcement
29 Mar 2017
March 29th, 2017 - The People's Bank of China, the Ministry of Industry and Information Technology and three further departments of the Chinese government jointly announced a new policy that enrols the support of financial institutions in the implementation of the 'Made in China 2025' plan and PRC Ministry of Industry and Information Technology's 'Network and Industry Integration Five-Year Plan'. Several instruments are mentioned in the announcement, including state lending as well as 'optimisation of foreign exchange' to encourage firms to use RMB loans for foreign investment.
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1
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1 likely harmful
0 liberalising
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Updated: 29 Mar 2017
State aid, nes
The primary aim of the joint guidance released on 29 March 2017 is to strengthen the integration of manufacturing and information technology. This guidance discusses financing as a means to achieve...
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