On October 18, reporters got the news from Xiangfan Development & Reform Commission, there are totally 10 key industrial revitalization and transformation projects in XiangfanCity were incorporated into national plans, which got 42.2 million Yuan from the central government totally. 10 million Yuan invested into Xiangyang Automobile Bearing Co., Ltd., which was the largest amount among all these projects.
The national key industrial restructuring and technical transformation funds is the financial assistance fund established to expand domestic demand and accelerate the pace of industrial restructuring and revitalization, which emphasized support electronic information, automobile, shipbuilding, petrochemical, textile, light industry, equipment manufacturing & steel, and many other relevant areas which in accordance with the requirements of the national key industrial restructuring and revitalization plan.
