A recently-issued guideline containing a raft of detailed and concrete policy incentives aimed at maintaining China's foreign trade and optimizing trade structure comes at a critical time, as it should instill much-needed confidence in foreign companies looking to do business in China and make foreign trade development healthier and more sustainable, experts and company leaders said.
The latest policy measures to bolster the development of new energy vehicles and charging facilities in rural areas have boosted automakers' confidence, with officials and business leaders highlighting the immense potential of the rural market to shore up the growth of the sector.
China will step up its policy support to increase consumer spending and unleash the country's purchasing potential, a key force that propels the nation's economic recovery and underpins its endeavors toward modernization and prosperity, experts said.
With a commitment to boost innovation-driven development, Nansha district in Guangzhou, capital of Guangdong province, is capitalizing on the State's favorable corporate income tax policy that was tailor-made for the district in a bid to establish a modern industrial system.
Nansha's implementation of the new preferential corporate income policy has elicited a wide response among enterprises in the district.
Normative Document No 6 [2022] of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality
Notice by the Office of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality on Issuing Measures of Guangzhou Nansha Development Zone for Supporting Foreign-invested Enterprises
Normative Document No.2 [2022] of the Bureau of Commerce of Nansha Development Zone of Guangzhou Municipality