Very first, a national subsidy out-of 3 mil renminbi could be covered all the 10,100 hosts disposed
So that the race of its plan in order to discard 10 billion textile servers, the new Zhu Rongji drawer followed next change methods.
Third, banking institutions might use crappy obligations reserves amounting in order to ten million renminbi so you’re able to throw away non-undertaking money in accordance with big instances of restructuring programs about textile industry.
Fourth, help will be provided for the brand new expansion from exports out of fabric items. Within the 1998, new export rebate price to possess worthy of-extra taxation towards textile facts are improved from nine% in order to 11%, as well as over fifteen% of your quotas to possess fabric factors exported for the United states and you will Europe would-be assigned directly to textile businesses having autonomous export liberties. Read More