China to Provide Subsidies for Technology Exports

[2010-06-28 08:54:05]

China's Ministry of Finance, says it will provide subsidies for firms exporting technology services and software.

In a statement posted on its website, the ministry says export deals exceeding 100 thousand U.S. dollars that received letters of foreign exchange payment from banks last year, are eligible to apply for the subsidy. The rate will be up to the one-year loan rate announced most recently by China's central bank. A company can receive up to 5 million yuan.

The ministry says the supported technology refers to transfer of patents, transfer of proprietary technology, technical and software services and other information service exports.