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China Subsidy Exchange

March 22, 2017

China Encourages Investment in Certain Social Welfare Areas

On March 16, the General Office of the State Council of China published Opinions on Further Stimulating Investment in Social Welfare Areas (Opinions), to boost the development in certain social welfare areas including healthcare, retirement, education, culture, and sports. The Opinions aim to stimulate investment, increase product and service supply, and improve product and service quality in these areas. To achieve the goals, the Opinions call on the government to effectively loosen market access to these areas, earnestly carry out preferential land and tax policies, set up industrial investment funds, provide government grants, and formulate supporting policies to encourage relevant enterprises to obtain financing through capital market. The Opinions also call on financial institutions to increase credit loans for industries in these areas.

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