The National Development and Reform Commission recently released the Interim Measures for Managing Budget Investments in Industry Transfer Platforms at Central, Western and Northeastern Regions. The regulation is immediately effective and will remain valid until December 31, 2024.
According to the regulation, the special investments will support key parks and zones at state-level development zones at central, western and northeastern provinces, as well as key parks and zones approved by the State Council or the NDRC to establish industry transfer platforms. The central government subsidies will be capped at 30%, 45% and 45% of the total project investments at central, western and northeastern provinces, respectively.
