Since the development of the reducer industry, what relevant policies have been issued by the government and its related departments? Is this a good or bad environment? Let's take a look at the development policy environment analysis of China's reducer industry:

1. Interpretation of "Catalogue of Independent Innovation of Major Technical Equipment"

On January 12, 2012, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, the Ministry of Finance, and the State-owned Assets Supervision and Administration Commission jointly issued the "Guidance Catalogue for Independent Innovation of Major Technical Equipment" (2012 edition). The purpose is to improve the level of independent innovation in equipment manufacturing to meet the national economy and national key construction. The project's demand for equipment products provides guidance for enterprises to develop new equipment products that are urgently needed by the market, and provides a basis for all levels of governments, financial institutions, and fund organizations to use various economic, administrative, and regulatory measures to support the development of the equipment manufacturing industry.

The catalog contains a total of 19 major technical and equipment fields and 260 items of equipment, among which the items related to the reducer are shown in the following table:

2. Interpretation of "The First (Set) Major Technical Equipment Testing and Demonstration Project Management Measures"

On January 22nd, 2008, the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Finance, and the Commission of Science, Technology, Industry, Industry and Technology for National Defense jointly formulated the "First (set) Major Technical Equipment Testing and Demonstration Project Management Measures." The purpose is to increase the independent innovation of enterprises and revitalize the equipment. The manufacturing industry will strengthen the guidance and supervision of the first (set) major technical equipment project management.

The document stipulates that for national priority approvals, approvals and arrangements for the first (sets) of major technical equipment tests and demonstration projects, the state policy banks should provide credit support within their own business scope, and the relevant state agencies prioritize land use review and prioritize environmental protection. Assess and prioritize technology support plans.

The Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation on the implementation of the State Council’s proposal on the revitalization of equipment for the development of key components or systems and raw materials required for the development of the first (set) major technical equipment meeting the prescribed conditions may be applied for. A number of opinions on the manufacturing industry are related to the special tax policy in the Notice of Import Tax Policy. If the first unit (set) of independent innovation major technology and equipment purchased by the project entity meets the requirements of the tax law to accelerate the depreciation conditions, accelerated depreciation is allowed. The implementation unit may request the state to provide the necessary risk subsidies for the risks that might arise during the development or assembly of the first set of major technical equipment, equipment, or core components. However, the amount of subsidies should not exceed the average price of the equipment. 10% (excluding defense industry projects).

3, industry development planning analysis

The “2010-2015 Development Plan for China General Machinery Industry” analyzes the development status and future development trend of China's general machinery industry during the “11th Five-Year Plan” period, and determines the major tasks currently faced by the industry.

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