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#Jiangsu

1 post1 participant0 posts today
Public
Norobiik @Norobiik@noc.social

#LocalGovernments will be in charge of many practicalities. The city of #Suzhou, in #China’s wealthy #Jiangsu province, already began, announcing subsidies worth 100 million yuan (S$19.2 million) for #cars – up to 6,000 yuan per buyer – and 20 million yuan for #appliances, or a maximum 1,500 yuan for each machine, starting April 20.

#China wants everyone to trade in their old cars, fridges to help save its economy
straitstimes.com/business/chin

The Straits Times · China wants everyone to trade in their old cars, fridges to help save its economyTrade-ins have the potential to speed up growth, currently forecast to fall a bit short of China’s target of about 5%. Read more at straitstimes.com.
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Maximilian Mayer

"#China’s #Jiangsu province has unveiled a policy package for the semiconductor industry, which includes at least 500 million yuan (US$74 million) a year in financial support over the next three years to support the local #chip industry amid intensifying US sanctions."

... the eastern province, a key chip base, is promising a wide range of subsidies and cash awards to local chip businesses, according to the province’s #semiconductor #industry development plan."

scmp.com/tech/policy/article/3

South China Morning PostChinese province offers chip industry financial aid to counter US sanctions blowChina’s eastern Jiangsu province will offer subsidies and financial support to cover research, equipment purchase, chip design, packaging and production.
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