Ministry will introduce policies focus on supporting new materials such as rare earth

According to reports, authorities from approaching the Ministry was informed, carbon fiber, rare earths, refractory metal materials, is expected to become the new material supported by the state, the future of the Ministry will provide key support research supporting policies.

According to the reporter, at present the Ministry is speeding up the pace of major projects, feasibility studies, study the establishment of new materials risk compensation mechanism, improve taxation, finance, insurance and other comprehensive support policy, the formation of policy together to jointly promote the development of new materials industries. According to the plan, the Ministry of Industry and strive through about a decade of efforts to accelerate including new material industry, including key development areas, to promote China as a whole has entered the ranks of the world's manufacturing powerhouse.


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