Taishan district rolls out measures to spur economy

(chinadaily.com.cn) Updated: 2022-02-22

The information office of the Taishan district people's government held a working conference on Feb 19 and rolled out a series of rewarding policies to stimulate the production of enterprises in Taishan district and enhance their innovation capabilities.

Industry, service industry, agricultural industry, foreign trade, and fixed asset investment were all included in the measures, which would be implemented through the end of March.

Manufacturing businesses, wholesale, retail, housing, and catering businesses, as well as fixed asset investment projects, are the emphasis of the policies.

For example, any fixed asset investment project worth more than 10 million yuan ($1.58 million) in the first quarter will receive a 30,000 yuan award.

The use of foreign money is also emphasized in the policies. In the first quarter, for example, any foreign investment project in the manufacturing industry in Taishan district will be rewarded with 0.5 percent of the entire real usage of foreign capital.

Furthermore, the policies attempt to boost agricultural product processing businesses. Agricultural product processing firms whose operational income increased by more than 10 percent in the first quarter compared to the same period last year would earn a reward of 5,000 yuan for each increase of 1 million yuan, with a maximum reward of 40,000 yuan.

Taishan district will also speed up the development of transportation infrastructure projects based on the "Four Good Rural Roads" idea, which lays out the necessity for good construction, good management, good maintenance and good operations, which lays out a plan to build four good rural roads.