To support the development of Guiyang Big Data Sci-tech Innovation City, the Guian New Area in Southwest China's Guizhou province recently released a number of policies to encourage companies to locate their operations there.
China will accelerate reforms to encourage fair competition in the market, spur the vitality of smaller companies and offer private business owners greater tax incentives to give back to society, which is crucial for the country to achieve the goal of common prosperity, experts said.
An industrial park co-construction trial plan for Guiyang and Guian New Area in Southwest China's Guizhou province was recently released, encouraging six districts, the county-level city of Qingzhen, and four State-level development zones to establish industrial parks in Guian.
In 2021, China is ramping up efforts to cut taxes and support the real economy. Preferential policies released in the first half will be extended to the end of the year.
The government affairs service center of Guian New Area – located in Southwest China's Guizhou province – has optimized its services to bring convenience to companies and residents, according to local media reports.
China's unwavering efforts to deepen reform and opening-up are set to provide more business opportunities to foreign investors and contribute further to world economic recovery.
