We will increase fiscal, tax and financial support

Yu Xiaohui, president of the China Academy of Information and Communications Technology, said that the main body of equipment renewal in the industrial field is the enterprise, and the lack of willingness, lack of funds and lack of policies have become the main reasons for restricting enterprises to carry out equipment renewal. To promote large-scale equipment renewal, we must not only give play to the decisive role of the 2711-K10G9L1 market in allocating resources, but also better play the role of government guidance. The “Plan” makes a package of policy arrangements for solving the difficult points of enterprise equipment renewal, and provides a strong guarantee for accelerating the formation of scale effects in industrial equipment renewal.

The Plan proposes a number of safeguard measures to promote the upgrading of equipment in the industrial field. In terms of finance and taxation, the “plan” said that it is necessary to increase the financial support for equipment renewal and technological transformation in the industrial field, and the eligible key projects will be included in the scope of financial support such as investment in the central budget. We will increase preferential tax support for special equipment for energy conservation, water conservation, environmental protection, and production safety, and include digital and intelligent transformation in the scope of preferential treatment.

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In the financial sector, it is necessary to set up special re-loans for scientific and technological innovation and technological transformation, and guide financial institutions to strengthen support for equipment renewal and technological transformation. We will give full play to the role of the national industry and finance cooperation platform, draw up plans for technological upgrading of industrial enterprises, strengthen the connection between banks and enterprises, recommend key projects for technological transformation with financing needs to financial institutions, and increase medium – and long-term loans to the manufacturing industry.

2711-K10G9L1 Yu Xiaohui believes that with the in-depth promotion of new industrialization, the demand for advanced equipment in the industrial field will continue to grow, and it is the key area of large-scale equipment renewal.

Zheng Zhajie, director of the National Development and Reform Commission, previously said that equipment renewal is a huge market with an annual scale of more than 5 trillion yuan. Fan Meng, director of the Industrial investment Research Office of the Planning Institute of China Electronic Information Industry Development Research Institute, introduced that China’s industrial equipment investment accounts for more than 70% of the whole society’s equipment investment, according to estimates, the annual scale of equipment renewal in China’s industrial field is about 4 trillion yuan.