Beijing Gives Nod To Mobile Phone Networks, Software, and Digital TV
(7/16/99) China will lend state assistance to high tech projects that its considers key to the nation's development, according to the July 14 Shanghai Zhengquan Bao (Shanghai Securities News).
Priority projects will include the development of mobile
communications systems, the commercialization of digital
high-definition TV, and development of the software industry.
The State Development Planning Commission (SDPC) also will focus
on commercialization of urban rail traffic equipment, manufacturing of advanced power generating equipment, environmental protection services.
Three agricultural areas were also given attention: the
commercialization, application and development of rare-earth
materials; (8) high-tech commercialization of agricultural fertilizer; and (9) commercialization of biotechnology.
Project eligibility is detailed in a new report, "Guide to Development of Key Fields for High-Tech Commercialization," which was jointly issued by the SDPC and the Ministry of Science and Technology.
Projects in these fields may be eligible for tax reduction or exemption on imported equipment, state grants, lowered interest rates on loans, risk subsidies, and development funds. Some projects will be initiated by the state, in which case an undertaker will be selected through a public bidding process.
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