The source disclosed to the China Securities Journal reporter that the 2011 edition of the "Industrial Structure Adjustment Guidance Catalogue" formulated by the National Development and Reform Commission is expected to be introduced around the Spring Festival. The scope of this adjustment is relatively large. In the next few years, these adjustments will be directly reflected in credit support, capital market financing, financial support, land supply, and electricity prices.
According to sources, in the 2005 edition, “large-scale ethylene construction (800,000 tons/year in the east and coastal areas, 600,000 tons/year in the west and above) and existing ethylene expansion and expansion†are encouraged projects, but the new catalogue Has been removed. Since the 2007 edition of the catalogue (draft for comment) has not been released, the catalogue of the 2005 edition has been published for more than five years, and it has not been able to adapt to the new situation of industrial development. The new catalogue has been adjusted more.
The policy spirit of some industrial revitalization plans, the cultivation of strategic emerging industries, and the suppression of overcapacity in some industries will be reflected in the upcoming new catalogue. "Overall, the adjustment is very big," the source said. This adjustment will have a major impact on the direction of industrial development during the 12th Five-Year Plan period.
The "Interim Provisions on Promoting Industrial Structure Adjustment" promulgated by the State Council in 2005 pointed out that the "Guidance Catalogue for Industrial Structure Adjustment" is an important basis for guiding investment direction, government management of investment projects, and formulation and implementation of fiscal, tax, credit, land, import and export policies. In principle, it applies to all types of enterprises in China. The catalogue consists of three categories of catalogues that encourage, limit and phase out.
The encouraged category mainly encourages the technological foundations of research and development and industrialization in China, and is conducive to the formation of new economic growth points and industries with large market demand. For encouraged investment projects, financial institutions should provide credit support in accordance with credit principles. For newly-built projects belonging to the restricted category, the investment management department shall not approve, approve or record, and all financial institutions shall not issue loans, and the departments of land management and urban planning shall not handle relevant formalities. For the phase-out projects, all financial institutions should stop all forms of credit support and take measures to recover the loans already issued; all regions, departments and related enterprises should take effective measures to eliminate them within the prescribed time limit, and the national prices during the elimination period. The competent authority can increase the price of electricity.
According to sources, in the 2005 edition, “large-scale ethylene construction (800,000 tons/year in the east and coastal areas, 600,000 tons/year in the west and above) and existing ethylene expansion and expansion†are encouraged projects, but the new catalogue Has been removed. Since the 2007 edition of the catalogue (draft for comment) has not been released, the catalogue of the 2005 edition has been published for more than five years, and it has not been able to adapt to the new situation of industrial development. The new catalogue has been adjusted more.
The policy spirit of some industrial revitalization plans, the cultivation of strategic emerging industries, and the suppression of overcapacity in some industries will be reflected in the upcoming new catalogue. "Overall, the adjustment is very big," the source said. This adjustment will have a major impact on the direction of industrial development during the 12th Five-Year Plan period.
The "Interim Provisions on Promoting Industrial Structure Adjustment" promulgated by the State Council in 2005 pointed out that the "Guidance Catalogue for Industrial Structure Adjustment" is an important basis for guiding investment direction, government management of investment projects, and formulation and implementation of fiscal, tax, credit, land, import and export policies. In principle, it applies to all types of enterprises in China. The catalogue consists of three categories of catalogues that encourage, limit and phase out.
The encouraged category mainly encourages the technological foundations of research and development and industrialization in China, and is conducive to the formation of new economic growth points and industries with large market demand. For encouraged investment projects, financial institutions should provide credit support in accordance with credit principles. For newly-built projects belonging to the restricted category, the investment management department shall not approve, approve or record, and all financial institutions shall not issue loans, and the departments of land management and urban planning shall not handle relevant formalities. For the phase-out projects, all financial institutions should stop all forms of credit support and take measures to recover the loans already issued; all regions, departments and related enterprises should take effective measures to eliminate them within the prescribed time limit, and the national prices during the elimination period. The competent authority can increase the price of electricity.
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