Wudang district aims for 5,500 new market players in 2022

The Wudang district of Guiyang – capital city of Southwest China's Guizhou province – aims to add 5,500 new business entities, ranging from sole traders to full companies, in 2022.

The projection was contained in a report recently issued by the Wudang district government.

In the new year, Wudang is planning to deepen its administrative service reforms and to further improve its business environment.

To do so, the raft of planned stimulatory measures will be issued throughout the year.

These will reportedly include accelerating the switchover to the online processing of new company registrations, which is expected to simplify the process and shorten the time it takes to within 24 hours.

Meanwhile, Wudang will further implement projects to stimulate the startup of new businesses and to assist private enterprises, through such incentives as cuts in taxes and fees.

To help boost recruitment and training, Wudang will strengthen cooperation with Guizhou Education University and other universities inside and outside Guizhou province. Recruitment policies will continue to be implemented, which are expected to see more than 5,000 new hires in 2022.

Lastly, Wudang will accelerate the expansion of its opening-up and will deepen cooperation moves with neighboring districts and economic zones.

In 2022, Wudang plans to introduce 60 new projects, with around 11 billion yuan ($1.65 billion) in investment in place.