Investor Presentaiton
FSS 2020
INANCIA
SYSTEM
RATEGY
FSS
2020
How To Compete: The China Example
Create Enabling Financial Incentives and Policies
Tax Policy
■ Four targeted electronics products
Development
Fund
☐
Exemption of production taxes, half
of the income taxes and tariffs of key
equipments
■ Pick up 10% of R&D expenses
Exemption of importation taxes on
significant imported projects
Allocation of RMB100 million per year
to support technology adaptation,
technology and commercialization of
the above four products
Increase Investment in Infrastructure (2002-03)
% Growth of total investments in infrastructure
122
93
87
80
62
52
Iron/ Steel
Cement
Automobile
Textile
Coal
•
• Strong commitment to core industries
Increasing investments by almost 80% from the late 90s
Increase Investment in Knowledge (RMB MM)
Total R&D Investment
7,000
■ Used as fund for several start ups
6,000
Subsidies
■ Allocation RMB200 million as loan
subsidies to support the application
of computers
5,000
4,000
3,000
2,000
Licences
☐
Importation licence management on
computer and components
1,000
0
1997
1999
2001
2003
2005
221
Banji Oyelaran-OyeyinkaView entire presentation