The National Energy Administration and other departments issued guidance on promoting the innovation and development of gas turbines. Opinions were put forward to strengthen fiscal and financial support. Implement preferential tax policies such as additional deductions for R&D expenses and accelerated depreciation of fixed assets. Financial institutions are encouraged to provide diversified financial services such as loans, guarantees, financial leases, and commercial insurance to eligible gas turbine development enterprises and autonomous gas turbine projects. Strengthen support for major national science and technology projects to research key gas turbine equipment. Encourage enterprises to apply for policy support such as “doubling”, reloans, and fiscal interest rates, expand medium- and long-term loan investment in the manufacturing industry, and guide and support eligible gas turbine companies to broaden financing channels through listing and issuing bonds.

The National Energy Administration and other departments issued guidance on promoting the innovation and development of gas turbines. Opinions were put forward to strengthen fiscal and financial support. Implement preferential tax policies such as additional deductions for R&D expenses and accelerated depreciation of fixed assets. Financial institutions are encouraged to provide diversified financial services such as loans, guarantees, financial leases, and commercial insurance to eligible gas turbine development enterprises and autonomous gas turbine projects. Strengthen support for major national science and technology projects to research key gas turbine equipment. Encourage enterprises to apply for policy support such as “doubling”, reloans, and fiscal interest rates, expand medium- and long-term loan investment in the manufacturing industry, and guide and support eligible gas turbine companies to broaden financing channels through listing and issuing bonds.