Government to release 1 billion yuan in subsidies

Government to release 1 billion yuan in subsidies

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Shenzhen government have devised a plan help projects that have great market potential by approving the release of at least 1 billion yuan in subsidies.  These subsidies will be properly divided to projects that are great concern to the city and has the potential to help the city’s economic growth. Hopefully projects in the bio-tech industry, internet, and new energy will be getting a fair share of the government aid. These three industries are to produce an output value of an estimated 650 billion yuan by the year 2015.

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