As the first experimental zone for business environment reform and innovation in Guangdong province, Guangzhou's Huangpu district has become a pioneer for business environment reforms.
A special meeting centering on Huangpu's quality development and new policies was recently held in Huangpu district.
Guangzhou's Huangpu district recently rolled out a set of 30 policies aimed at optimizing the business environment in the region. This is set to bolster the confidence of market entities and propel high-quality economic growth.
Stronger supportive policies will further boost the development of China's pharmaceutical and medical equipment industries, injecting new momentum into their innovation-driven growth, according to experts and industry people.
China will remain a highly favored investment destination for European companies in the long run, given its latest policy measures to boost market confidence and its efforts to reinforce its position in the global industrial, innovation and capital chains, experts and business executives said on Tuesday.
Preferential policies for additional deduction of R&D expenses
The Huangpu district of Guangzhou city - capital of South China's Guangdong province - introduced 10 measures for government-bank cooperation in April.
In a bid to reinforce the central role of fiscal policies in promoting high-quality development, Huangpu district recently launched a pioneering initiative known as the "12 Measures for High-quality Financial Development."
The latest policy measures to bolster the development of new energy vehicles and charging facilities in rural areas have boosted automakers' confidence, with officials and business leaders highlighting the immense potential of the rural market to shore up the growth of the sector.
Guangzhou's Huangpu district announced a new policy with several measures to promote high-quality economic development within the district on May 22. They are set to boost business growth and enhance the economy.