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China’s State Council Releases Latest Directive on Exhibitions Industry

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.

Source:  Business Strategies Group Hong Kong  –  www.bsgasia.com

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