BEIJING, March 5 (Xinhua) -- Many provincial-level regions in China have rolled out targeted policies in the new year to boost the development of manufacturing industry, reported the Xinhua-run Economic Information Daily on Tuesday.
The policies focus on tax cut and cost reduction in land, social insurance, electricity, transport and financing, in a bid to relieve the burden of manufacturing enterprises.
For example, Guangzhou, capital city of south China's Guangdong Province, introduced policies such as levying the corporate income tax at the minimum taxable income rate and allowing the transfer of industrial land according to the planned area.
Besides, emphasis has also been put on fields like high-quality development as well as transformation and upgrading of manufacturing industry.
For instance, Guangzhou has put efforts in fostering digital, network, intelligent and green transformation of technology, green transformation and upgrading of traditional sectors and industrial network development.
Attention should also be paid to the optimization of business environment in related process, system and mechanism for manufacturing enterprises, such as creating a fully competitive financing market for small and medium-sized manufacturing enterprises, said Han Jianfei, a researcher at CCID thinktank under China's Ministry of Industry and Information Technology (MIIT). (Edited by Gu Shanshan)
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