The Chinese government has taken a series of policy support and government guidance measures to promote the development of the titanium alloy industry in China. Titanium alloys are important high-tech materials with wide applications in aviation, spaceflight, military, medical devices, etc.
These policy measures include:
- Development planning for the molybdenum, titanium, and tantalum industries in China: This plan emphasizes guiding and supporting enterprises to increase their technological innovation efforts, accelerate the development and promotion of new products, encourage the promotion and application of titanium alloy products in aviation, aerospace, marine and other fields, and increase policy support for the export of titanium alloy products to expand the international market.
- Opinions on Promoting the Upgrading and Development of the Automotive Parts Industry: This opinion encourages R&D in basic materials and the development of new materials such as titanium alloys, which are lightweight, high-strength, corrosion-resistant, and fatigue-resistant.
- Tax policies: China implements preferential tax policies for high-tech enterprises and technology advanced service enterprises, including exemption or halving of corporate income taxes, etc.
In addition to policy support, the government also guides the development of the titanium alloy industry by promoting the development of titanium resources, encouraging and supporting enterprises to participate in the development of overseas titanium resources, and integrating the industrial chain.
The implementation of these policies and measures will effectively promote the healthy development of China’s titanium alloy industry.
