Policies released to boost China's agricultural growth -- China on April 3 announced a package of key policies to boost the growth of agriculture for the year, offering more financial support for the sector. The policies, jointly released by the Ministry of Finance and the Ministry of Agriculture and Rural Affairs, include direct subsidies for farmers, among a string of measures to support the sector's development and ecological protection. China has confirmed it will give subsidies to corn and soybean producers in the northeastern provinces of Liaoning, Jilin and Heilongjiang, as well as Inner Mongolia Autonomous Region.
China to strengthen security, management of scientific data -- China will strengthen and standardize the management of scientific data to guarantee data security and enhance data sharing, according to measures issued by the General Office of the State Council. The measures are expected to provide better support to national scientific and technological innovation, economic and social development, as well as state security.
Liaoning releases measures to attract more foreign investment -- Authorities in northeast China's Liaoning Province have released new measures to attract more foreign investment and further open up to the world. At the provincial work conference on opening up held on March 31, Liaoning authorities released 40 measures aimed at bringing overseas investment into the province's equipment, technology and service sectors.
China to pilot domestic listing, CDR issuance for innovative firms -- China announced on March 30 a pilot program to support innovative companies' domestic listing and issuance of China Depositary Receipts (CDRs). The pilot scheme will cover companies in high-tech or strategic emerging industries such as Internet, big data, cloud computing, artificial intelligence, software and integrated circuit, as well as high-end equipment manufacturing and biological medicine, according to a document from the China Securities Regulatory Commission (CSRC).
China cuts tax rates for chipmakers -- China announced plans to introduce tax exemptions and reductions for chip producers on March 30. Businesses established after January 1 to manufacture integrated circuits (ICs) with lines thinner than 130 nanometers (nm) will be exempted from the income tax for the first two years, according to a statement from the Ministry of Finance. The tax rates will be 12.5 percent from the third year, half of the statutory level.
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