Li Keqiang presided over the the State Council executive meeting.
Deploy and improve the accelerated depreciation policy of fixed assets to promote technological transformation and entrepreneurial innovation of enterprises
Decided to further open the domestic express delivery market and promote fair and orderly competition between domestic and foreign investors.
On September 24th, Li Keqiang, Premier of the State Council of the People’s Republic of China presided over the the State Council executive meeting, deployed and improved the accelerated depreciation policy of fixed assets, promoted technological transformation of enterprises, supported the entrepreneurial innovation of small and medium-sized enterprises, and decided to further open the domestic express delivery market and promote fair and orderly competition between domestic and foreign investors.
The meeting pointed out that in order to conform to the trend of the new technological revolution and push China’s economy to the middle and high-end level, we must make greater efforts to promote technological transformation of enterprises. It is of great significance for traditional industries to "break through the cocoon", enhance the stamina and vitality of economic development, and achieve quality upgrading, efficiency upgrading and sustained and stable growth by improving the current accelerated depreciation policy of fixed assets, reducing the tax burden, speeding up enterprise equipment renewal, scientific research and innovation, expanding manufacturing investment and promoting mass entrepreneurship. The meeting confirmed that, first, the newly purchased instruments and equipment for R&D in all industries after January 1, 2014, with a unit value of no more than 1 million yuan, are allowed to be included in the current cost at one time and deducted before tax; If it exceeds 1 million yuan, the depreciation period can be shortened by 60%, or the depreciation can be accelerated by methods such as double declining balance. Second, fixed assets with a unit value of no more than 5,000 yuan held by enterprises in all industries are allowed to be included in the current cost at one time and deducted before tax. Third, for the fixed assets newly purchased by enterprises in biopharmaceutical manufacturing, special equipment manufacturing, railway, shipbuilding, aerospace and other transportation equipment manufacturing, computer, communication and other electronic equipment manufacturing, instrumentation manufacturing, information transmission, software and information technology service industries after January 1, 2014, it is allowed to shorten the depreciation period by 60% of the specified period, or adopt accelerated depreciation methods such as double declining balance to promote the expansion of imports of high-tech products. According to the implementation, timely expand the scope of the industry to which the policy applies.The meeting called for speeding up the implementation of the above policies, striving to arm "Made in China" with advanced technology and equipment, and launching products with higher added value and stronger market competitiveness.
The meeting held that expanding all-round active opening-up and creating a business environment in which domestic and foreign-funded enterprises are treated equally and compete fairly is a major policy orientation that China has long adhered to. At present, China’s international express delivery business has been basically opened to foreign investment, and domestic express delivery business in major cities has also been opened to some foreign-funded enterprises in batches. According to China’s commitment when it joined the World Trade Organization, further opening up the domestic market and allowing domestic and foreign express delivery enterprises to compete on the same stage will help to force domestic enterprises to improve their management and service level, so that consumers have more choices. At the same time, promoting the express delivery industry to become the "dark horse" of the development of modern service industry can also promote the logistics industry to a higher level, further invigorate circulation, stimulate domestic demand, increase social employment, and actively contribute to stabilizing growth, restructuring and benefiting people’s livelihood. The meeting decided to fully open the domestic parcel delivery market, and issue business licenses to foreign-funded express delivery enterprises that meet the licensing conditions according to the approved business scope and business area. The meeting stressed that it is necessary to adhere to the combination of release and management to ensure the orderly and healthy development of the express delivery industry. First, improve the business licensing procedures and strengthen the qualification review. Simplify procedures and improve efficiency. The second is to promote the joint development of express delivery, e-commerce and manufacturing, smoothly connect with the comprehensive transportation system, and support the solution of problems such as the difficulty of urban express delivery vehicles. Ensure the safety of delivery. The third is to encourage the merger and reorganization of express delivery enterprises, and improve and implement the systems of reorganization filing and review of foreign mergers and acquisitions. Strengthen the management of agents and franchisees, and seriously investigate and deal with illegal business operations, out-of-scope business operations, illegal agency and other acts. Make express delivery, a sunrise industry, more prosperous and create conditions for stimulating residents’ consumption.Convenient for the vast number of businesses and hundreds of millions of people.
The meeting also studied other matters.