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ANNEX 5B: SUBSIDIES TO BE PHASED OUT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Decree [2001] No.336 of the State Council The Regulation of the People's Republic of China on the Administration of Insurance Companies with Foreign Investment has been passed at the 49th executive meeting of the State Council on December 5, 2001 and is hereby promulgated for implementation as of February 1, 2002.Premier of the State Council: Zhu Rongji December 12, 2001(11-26 10:47) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Chapter I General Provisions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I. SUBSIDIES PROVIDED TO CERTAIN STATE-OWNED
ENTERPRISES WHICH ARE RUNNING AT A LOSS
1. Title of the subsidy program Subsidies provided to certain State-owned enterprises which are running at a loss.
2. Period covered by the notification 1990-1998.
3. Policy objective and/or purpose of the subsidy To promote structural adjustment of those State-owned enterprises which are running at a loss, especially those in coal-mining and oil-drilling sectors, while keeping employment by means of promoting rationalization and maintaining stable production and safety.
4. Background and authority for the subsidy Ministry of Finance.
5. Legislation under which it is granted Assistance by budget.
6. Form of the subsidy Grant and tax forgiving
7. To whom and how the subsidy is provided Subsidy is provided to severe loss-making State-owned enterprises due to either fixed price of the products they produce or the increasing cost of exploitation of the resources.
8.
Subsidy per unit, or in cases where this is not possible,
the total amount or the annual amount budgeted for that subsidy
Unit: 100 million RMB
9. Duration of the subsidy and/or any other time-limits attached to it 1949-2000.
10. Statistical data permitting an assessment of the trade effects of a subsidy Not available.
II. THE
PRIORITY IN OBTAINING LOANS AND FOREIGN CURRENCIES BASED ON EXPORT
PERFORMANCE
1. Title of the subsidy program The priority in obtaining loans and foreign currencies based on export performance.
2. Period covered by the notification 1994-1999.
3. Policy objective and/or purpose of the subsidy To promote the exportation of automobiles.
4. Background and authority for the subsidy State Planning Commission.
5. Legislation under which it is granted State Council Circular on Industrial Policy on Automobiles..
6. Form of the subsidy Priority in obtaining loans and foreign currencies.
7. To whom and how the subsidy is provided Priority is given to: (1) Automotive production enterprises whose export of whole vehicle products has reached the percentage points in the volume of their sales as indicated in the following chart;
and
(2) Automobile and motorcycle components manufacturing enterprises whose exports account for 10 per cent of their total annual sales.
8. Subsidy per unit, or in cases where this is not possible, the total amount or the annual amount budgeted for that subsidy Zero, because no enterprises have reached the level for enjoying the priority up till now.
9. Duration of the subsidy and/or any other time-limits attached to it China commits itself to eliminate this measure by the year of 2000.
10. Statistical data permitting an assessment of the trade effects of a subsidy Zero.
III. PREFERENTIAL TARIFF RATES BASED ON LOCALIZATION
RATE OF AUTOMOTIVE PRODUCTION
1. Title of the subsidy program Preferential tariff rates based on localization rate of automotive production.
2. Period covered by the notification 1994-1999
3. Policy objective and/or purpose of the subsidy To promote the localization process of automobile industry of China.
4. Background and authority for the subsidy State Planning Commission.
5. Legislation under which it is granted State Council Circular on Industrial Policy on Automobiles.
6. Form of the subsidy Preferential tariff rates.
7. To whom and how the subsidy is provided The preferential tariff rates are granted to the automotive enterprises whose localization reaches the following ratios:
(1) Localization rate reaches 40 per cent, 60 per cent or 80 per cent on products that incorporate imported technology on whole vehicles of M Category;
(2) Localization rate reaches 50 per cent, 70 per cent or 90 per cent on products that incorporate imported technology on whole vehicles of N and L Categories; and
(3) Localization rate reaches 50 per cent, 70 per cent or 90 per cent on products that incorporate imported technology on automobile and motorcycle assemblies and key components.
8. Subsidy per unit, or in cases where this is not possible, the total amount or the annual amount budgeted for that subsidy Not available.
9. Duration of the subsidy and/or any other time-limits attached to it China commits itself to phase out this measure by the year of 2000.
10. Statistical data permitting an assessment of the trade effects of a subsidy The trade effect is negligible. |
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