ZHONGYIN CASHMERE hailed state financial subsidy 11.56 million RMB (01/14/2010)

Updated: 2010/1/14 13:40:00

The state Council has allocated 90 million RMB of special budget to Ningxia Hui Autonomous Region to stimulate domestic market demand, of which ZHONGYIN CASHMERE welcomed 11.56 million RMB of technological upgrade subsidy. ZHONGYIN CASHMERE is a renowned conglomerate of Ningxia Autonomous Region and also a world-famous cashmere products supplier in possession of four independent subsidiaries and nine manufacturing bases with over 1.5 million cashmere sweaters of annual output. Up until Nov 20th, 9.56 million RMB was successfully allocated to ZHONGYIN. All subsidies will be used in the upgrading programs of the company.

Source:China Textile Leader

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS