News this week: China’s State Council, headed by Premier Li Keqiang, has release an official directive which aims to boost
development of the country’s exhibition industry. According to the lengthy
guidelines, a ministerial joint conference, including a dozen central
government departments, will be established to coordinate the formulation and
implementation of new market rules.
The Chinese government has set a target to turn the country into a centre
for exhibitions “with a sound development environment and a high level of
internationalisation” by 2020. It also stated that licensing of economic and
technological exhibitions will be gradually delegated to provincial-level
commercial authorities.
Highlighting its desire to marketise the exhibitions industry, the government
stated its aim to reduce the number of state-funded exhibitions, and encourage private
organisers to take up the slack. It will also provide guidance to large-scale
exhibition enterprises in partnerships, joint-ventures, mergers and acquisitions
to establish industry-leading multinationals. Meanwhile, tax breaks and streamlined
customs procedures will target small-scale exhibition companies to facilitate
cross-border events.
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