Policies on Seven Sectors to Help Big Nine Industries

China has released more favorable policies recently to back up nine industries, which include overall reform of VAT, adjustment of import/export tax rates, establishment of special fund to support technical renovation of industries, enlargement of loan scale to tackle hardship of cash-flow among MSEs, marketing promotion of industrial products by expanding governmental purchase, increase of strategic inventory of vital raw materials, reform of pricing mechanism for oil, gas, chemical fertilizer etc., supporting merger and restructuring of enterprices to encorage them to “go out” for exploring global market.

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