Audit of the Measures to Support Domestic Industry: Russian–Chinese Webinar Outcomes

November 2023, SAIs of the Russian Federation and the People’s Republic of China with the participation of the Regional Audit Institute (RAI) of Kemerovo Region – Kuzbass held an experience-sharing seminar on auditing the measures to support the internal market and domestic producers.

The participants emphasised the relevance of the discussion between Russian and Chinese experts on this topic given the close bilateral intergovernmental cooperation and long-term professional relations between the SAIs of Russia and China.

Also the acceleration of the scientific and technological revolution and changes in the global economic situation, the importance of government policies to support domestic producers is growing – noted at the webinar. SAIs contribute to mitigating risks in the internal market and promoting investors’ trust.

SAI China highlighted the financial support measures for small and micro enterprises implemented under the People’s Republic of China’s Plan for Advancing the Development of Financial Inclusion (2016–2020).

SAI Russia stressed that the Russian Federation is taking a wide range of measures to ensure technological sovereignty and the transition to innovation-driven economic growth. SAI Russia is carrying out a number of control activities related to the analysis of measures in this area and uses new technologies in this work.

RAI Kemerovo Region–Kuzbass, described the support measures for businesses in the Region. The speaker noted that the assessment of the efficiency of the resources used and the monitoring of the achievement of the indicators of the state programmes at the regional level are carried out annually.

All the participants of the seminar stressed the importance of the meeting and expressed their hope to continue sharing best practices on a regular basis.