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6 CSVC Projects Subsidized by Provincial Policy

51 projects from 41 overseas-invested enterprises in the province are approved by Provincial Finance Bureau and Provincial Bureau of Foreign Economic and Trade to receive subsidies amounting to 6.43620 million yuan RMB, according to relevant provincial policies aimed to encourage the development of foreign trade. The subsidies will be allocated to the enterprises through finance bureaus at different local levels.

Among the projects to be subsidized are 17 from Suzhou, the largest number in the province, with a total of 1.3477 million RMB subsidies. 6 projects of China-Singapore Venture Company in SIP are selected for a total of 1.1519 million subsidies, which is more than any other enterprises on the list.

Feb. 10, 2006

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