Give play to the role of industrial subsidies in promoting the rare earth industry

Recently, the Ministry of Finance and the Ministry of Industry and Information Technology jointly released the Measures for the Administration of Subsidy Funds for the Development of the National Internet of Things and Rare Earth Industries. It is specified in the Measures that funds will be increased to support the development of the Internet of Things industry and rare earth industry, and the subsidies for related projects can be up to 30% and 40% of the total investment of the project.
According to the Measures, the areas supported by subsidy funds mainly include: rare earth resource mining supervision; Environmental protection technology transformation of rare earth mining and smelting; R&D of rare earth common key technologies and standards; R&D and industrialization of high-end rare earth application technology; 5 fields including public technology service platform construction.
It is reported that in order to obtain this rare earth special fund support, it is necessary to have legal business qualifications and corresponding qualification certificates, and meet the requirements of the Rare Earth Industry Access Conditions and environmental protection requirements. In August 2012, the Ministry of Industry and Information Technology issued the Requirements for Access to the Rare Earth Industry, which clearly stipulates the access to the rare earth industry in terms of the establishment and layout of projects, energy consumption, and environmental protection.
Of course, this is just a matter of operation. In the long run, industrial subsidies can promote the protection and effective utilization of rare earth resources. The subsidy aims to support technology upgrading, energy conservation and environmental protection, highlighting the determination of relevant government departments to reshape the rare earth industry.
Although China is rich in rare earth, it is still a non renewable resource after all. Therefore, China has included rare earth industry in the scope of strategic industries. In the ten key development fields proposed in "Made in China 2025", there are no important applications of rare earth.
For example, rare earth polishing powder is one of the six major aspects in the new generation of information technology industry; Rare earth magnetic materials are used for servo motors in high-end CNC machine tools and robots; In the field of aerospace equipment, rare earth added solid lubricating materials, rare earth permanent magnet DC motors and drives, etc.
In fact, as the core tool of industrial policy, industrial subsidies are widely used worldwide. In recent years, developed countries have pursued the strategy of "re industrialization" and constantly increased support for strategic industries. In China, industrial subsidies are of positive significance for mobilizing national financial resources, accelerating industrialization, adjusting industrial structure, and balancing regional economic development. Their policy effects are confirmed by the achievements of domestic economic growth and strategic industrial development.
As a strategic industrial resource, rare earths really need the government's industrial subsidies and other policy support. The industrial subsidies issued by the Ministry of Finance and the Ministry of Industry and Information Technology for the rare earth industry are very timely and necessary, and will play a role in the development of the industry. In other words, the country has raised the development of the rare earth industry to a strategic height, and through industrial subsidies and other measures, the competitiveness of the rare earth industry and sustainable and sound development have been enhanced.
However, to give full play to the role of industrial subsidies, relevant government departments need to strengthen the construction of relevant laws, regulations and systems of industrial subsidies, and ensure the rational use of industrial subsidies with regulatory constraints. Establish a supervision system from project declaration to approval and acceptance. At the same time, actively promote the publicity system of government subsidies to enterprises, publicize product subsidies and other information, and play the role of audit, regulatory and other regulatory authorities.