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Government offers incentives for sound policy implementation
Updated: June 9, 2022 21:21 english.www.gov.cn

The government has decided they will roll out 30 supportive measures to 199 local authorities as incentives for their efforts and achievements in 2021 regarding implementation of major policies, according to a notice released by the General Office of the State Council on June 9.

Major policies include prevention against major risks, poverty reduction, pollution control, administrative reform to improve the business environment, innovation-driven development, expansion of domestic demands, rural revitalization and the improvement of people’s livelihoods.

Due to their outstanding achievements in boosting innovation-driven development, fostering innovation ecology, improving self-dependent innovation capability and enterprises’ major roles in innovation, accelerating transfer and application of scientific and technological achievements in the past year, Jiangsu, Zhejiang, Anhui, Shandong and Hubei provinces will get incentives in receiving allocated central funds for scientific and technological development, and each province will have one qualified and established provincial high-tech industrial development zone given priority to upgrade to the national level.

Beijing’s Haidian district, the Tianjin Binhai High-tech Industrial Development Area, Hunnan district in Shenyang, Liaoning province, among others, will be given priority to build platforms to bolster innovation and entrepreneurship, with central budget funds tilted toward related investment, according to the notice. These areas have made achievements in implementing policies for mass entrepreneurship and innovation, increased jobs through entrepreneurship, enhanced integrated innovation and supported related platforms.

Beijing and Shanghai municipalities and Jiangsu, Zhejiang and Hubei provinces will get incentives for their outstanding achievements in intellectual property creation, application, protection, management and services; Beijing’s Daxing district, Baotou of the Inner Mongolia autonomous region, Changzhou of Jiangsu province and other places for their stable industrial growth, development of advanced manufacturing clusters, industrial foundation reconstruction and stabilized proportion of manufacturing sector; and the Tianjin Binhai High-tech Industrial Development Area, Harbin of Heilongjiang province, Suzhou of Jiangsu province and other places for fostering and boosting strategic emerging industries, distinct industrial features and advantages, vigorous technological innovation capability.

Areas that have significantly stabilized foreign trade and promoted innovation development include: Shanghai’s Pudong district, Suzhou of Jiangsu province, Ningbo of Zhejiang province, Xiamen of Fujian province, Qingdao of Shandong province, Zhengzhou of Henan province, Wuhan of Hubei province, Shenzhen of Guangdong province, Chengdu of Sichuan province and Xi’an of Shaanxi province. Central funds will go to these places in 2022 to support their foreign trade development, help foster innovative demonstration zones for import promotion and commodity import and export trade fairs.

Beijing and Shanghai municipalities, Jiangsu, Zhejiang and Shandong provinces will get support to conduct financial reform and innovative trials, as they have done well in supporting the real economy with financial services, preventing and solving financial risks and maintaining good financial order.

Jiangsu, Jiangxi, Shandong, Hubei and Hunan provinces, with great efforts to advance high-standard farmland construction, will receive more subsidies in 2022.

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