Policy Update in March

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[Premier Li Keqiang: China will Cut Taxes and Administrative Fees in 2019] In response to reporter’s question about measures related to cut taxes and administrative fees this year, Premier Li Keqiang said that China will cut value-added tax rates from April 1st, and cut social security premium rates from May 1st.

 

[Ministry of Industry and Information Technology Initiates the 4th Green Manufacturing List Recommendations] MIIT recently initiated the 4th green manufacturing list recommendation work. Local industry and information technology departments should determine the 4th recommendation list of green factories, green design products, green industrial parks and green supply chain management enterprises of the region referring to the recommendation work requirements of the former three green manufacturing list, and submit application materials to MIIT by April 15th this year. MIIT will further strengthen supervision and adjust the green manufacturing list according to the actual situation.

 

[National Development and Reform Commission and Other Seven Ministries Issued the Green Industry Guidance Catalogue (2019 Edition)] NDRC, MIIT and other 7 ministries recently released 2019 green industrial guidance catalogue, the catalogue identified 6 categories of more than 200 green industry content including energy conservation, environmental protection and clean production.

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