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Agricultural Development Bank of China
Policy

E. China’s Fuzhou releases measures to speed up digital economy development

May 15, 2018


Abstract : East China’s Fuzhou city has released measures to speed up the development of the digital economy.

数字经济

BEIJING, May 15 (Xinhua) -- East China’s Fuzhou city has released measures to speed up the development of the digital economy.

According to the local authorities, any key digital economy enterprise settling in Fuzhou or establishing a R&D center or a branch (subsidiary) in Fuzhou will be rewarded with 2 million yuan in a lump sum if its capital in place has reached or exceeded 50 million yuan.

Meanwhile, any settled enterprise will be granted a subsidy of no more than 50 percent of the proportion of tax retained by municipal and county (district) governments annually in the first three years after it goes into operation.

The measures also cover demonstrative projects in the fields including IOT, big data, cloud computing, AI and intelligent manufacturing. The first digital application project put to massive commercial use will be granted a maximum subsidy of 2 million yuan, accounting for 20 percent of the actual investment. (Edited by Hu Pingchao)

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Keyword: China-digital-economy Fuzhou

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