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Central Rise Policy

Source: hubei.gov.cn 05/21/2013 15:05:33

In 2006, the State Council issued the Opinions of the CPC Central Committee and the State Council on the Promotion of the Rise of the Central Region ((2006) Zhong Fa No.10), stipulating the following preferential fiscal and taxation policies which the central treasury shall adopt to promote the rise of the central region:

The central treasury shall increase the transfer payments to the six central provinces and adjust the structure of financial expenditure, putting more emphasis on fields that are helpful to promote equal access to basic public services; continue to utilize the central foreign trade development fund to support the development of foreign trade and economic cooperation in the central region; continue to provide discount loans for public infrastructure projects of national economic and technological development zones and high-tech development zones in the central region; continue to support the development of such industries as energy raw materials, automobile, petrochemical, equipment manufacturing and high-tech industry as well as the construction of major water conservancy and transportation infrastructure projects in terms of planning, deployment of key projects, and examination or approval of projects in the central region; and make periodic adjustment to the Catalogue of Priority Industries for Foreign Investment in the Central-Western Region to support central key foreign-invested industries and enterprises.