Announcement
05 Jun 2016
June 5th, 2016 - China's state council releases an 'opinion' calling for the promotion of a 'favourable market environment' for producers of nonferrous metals. This includes subsidised electricity costs, tax breaks, financial grants and other incentives to encourage growth in the industry.
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Number of interventions
4
0 certainly harmful
4 likely harmful
0 liberalising
List of interventions
Implementation date
No implementation date
Revocation date:
No revocation date
Updated: 05 Jun 2016
State loan
Finally, there is the promise of 'financial support'. This points to government-guaranteed loans at low interest rates, encouragement of venture capital firms to lend money to nonferrous metal busi...
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Updated: 05 Jun 2016
Tax or social insurance relief
Thirdly, the announcement promises 'fiscal and taxation support'. This means tax breaks, reduction of state fees for certain activities involved in the relevant industries and potentially adjustmen...
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Updated: 05 Jun 2016
In-kind grant
In addition to the electricity subsidies, the announcement promises the subsidised cost of land for eligible firms. Such subsidies can range from land sold at nationally standardised price levels t...
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Updated: 05 Jun 2016
Production subsidy
On the 5th of June 2016, the State Council of the People's Republic of China announced it would be pushing various lesser government bodies to play their part in the support of the nonferrous metal...
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