Basic, a government subsidy from step 3 million renminbi could well be paid for most of the 10,100 computers disposed
To guarantee the competition of the system so you’re able to dispose of 10 mil textile hosts, the brand new Zhu Rongji pantry accompanied the second reform methods.
Third, finance companies can use crappy personal debt reserves amounting so you can 10 mil renminbi in order to throw away non-doing fund in accordance with major instances of reorganizing plans on textile industry.
Next, assistance is taken to new expansion off exports of textile factors. Into the 1998, the export discount rate to own worthy of-additional taxes into the fabric facts is increased of nine% so you’re able to eleven%, and over 15% of your own quotas having fabric products exported for the You and Europe could be assigned right to textile companies with independent export rights.
5th, the production allow and get allow solutions for textile machines marketed contained in this Asia would-be carefully implemented, and you may stringent constraints could be imposed on the installation of the even more fabric processing capacity. (more…)