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A company with outstanding strength and wide influence in the field of precision manufacturing
27
2024
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11
Policy Support and Industry Alerts!
The Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Ecology and Environment issued the "Guiding Opinions on Promoting the High-Quality Development of the Foundry and Forging Industry," actively promoting the development of the foundry and forging industry. It requires that by 2025, the overall level of the foundry and forging industry will be further improved, and the ability to ensure the safety and stability of the equipment manufacturing industry's industrial chain and supply chain will be significantly enhanced.
In April, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Ecology and Environment issued the "Guiding Opinions on Promoting the High-Quality Development of the Foundry and Forging Industry," actively promoting the development of the foundry and forging industry. It requires that by 2025, the overall level of the foundry and forging industry will be further improved, and the capability to ensure the safety and stability of the equipment manufacturing industry's industrial chain and supply chain will be significantly enhanced.
In July, the Ministry of Finance and the State Taxation Administration issued the "Notice on the VAT Additional Deduction Policy for Industrial Machine Tool Enterprises," allowing general VAT taxpayers producing and selling advanced industrial machine tool mainframes, key functional components, and CNC systems to deduct an additional 15% of the deductible input VAT from their payable VAT for the current period.
In September, the Ministry of Industry and Information Technology, the Ministry of Finance, and the State Taxation Administration jointly issued the "Notice on Matters Related to the Formulation of the 2023 List of Industrial Machine Tool Enterprises Enjoying the VAT Additional Deduction Policy," which mentioned the list of enterprises producing advanced industrial machine tool mainframes, key functional components, and CNC systems that enjoy the VAT additional deduction policy.
In September, the Ministry of Industry and Information Technology, together with the National Development and Reform Commission and the State-owned Assets Supervision and Administration Commission of the State Council, issued the "Guiding Opinions on Supporting the Equal Participation of First Sets of Major Technical Equipment in Enterprise Bidding Activities," promoting and supporting the equal participation of first sets of major technical equipment in enterprise bidding activities and facilitating the promotion and application of such equipment.
In November, the China Heavy Machinery Association issued an announcement titled "Early Warning on Overcapacity of Large Free Forging Hydraulic Presses of 10,000 Tons and Above in China," pointing out that the domestic market demand for large forgings has been continuously growing recently. It is very likely that a new round of blind investment in building large free forging hydraulic presses of 10,000 tons and above will occur. Enterprises need to pay attention to risk prevention and invest prudently.