Supporting measures for emerging industries are expected to be introduced

Supporting measures for emerging industries are expected to be introduced

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China Drying Network News After the 12th Five-Year Development Plan for Strategic Emerging Industries has been issued, the state will release a series of supporting measures and implementation opinions to promote the development of strategic emerging industries. According to the plan, by 2020, it will strive to make strategic emerging industries account for 15% of GDP. At present, the relevant departments and governments at all levels are hurrying to formulate and continue to introduce a number of detailed implementation rules to promote the development of strategic emerging industries. These supporting measures and methods mainly focus on fiscal and taxation, investment and financing support, technological innovation, intellectual property protection, talents training, market environment cultivation, key areas, and key environmental reforms.

In terms of funding, conditional support is given to the key areas of strategic emerging industries. In terms of taxation, for the characteristics of strategic emerging industries such as knowledge-intensive, high-end talents, and relatively high ratios of research and development expenses, the circulation tax, income tax, consumption tax, and business tax are being rapidly established for specific implementation measures. In the financial sector, SMEs and other companies have gained greater support through enhanced financial services support.

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