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Date: 2013-10-12

Two Projects in Hubei Province Won the Funds of RMB 60 Million

On October 10th, it was learned from Hubei Provincial Commission of Economy and Information Technology that two projects of “Bearing material with High standard” from Hubei Xinyegang Steel Ltd. and “The development and industrialization of the third generation automotive wheel hub bearing unit” from a technology company won project funds of RMB 60 million supported by the national special action of “Strengthen industrial infrastructure” in the project starting year.

In March, 2013, Ministry of Industry and Information Technology of the People’s Republic of China formally started the implement of “Strengthen industrial infrastructure”, aiming at improving key basic materials, core basic spare parts (components), advanced basic process and basic development of industrial technology.

This year is the starting year of “Strengthen industrial infrastructure” special action. A total of 24 projects have been arranged in China with special funds of RMB 500 million.


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