A national key scientific research project on nuclear technology, which was led by Professor Wu Hongchun from Xinghua, recently passed its comprehensive acceptance inspection.
Xinghua has made dedicated efforts to accelerate the transformation of the foundry industry and promote the industry's transition towards high-end, digital, and green development.
Xinghua, a county-level city administered by Taizhou, Jiangsu province, is building on its existing strengths to establish itself as a benchmark for innovation and quality in the sector.
China has now cultivated over 600,000 high-tech and innovative small and medium-sized enterprises, positioning them as central engines for high-quality growth and global industrial resilience, officials and experts said.
China's finance, taxation, and commerce authorities on Monday unveiled a tax incentive granting foreign investors a 10 percent corporate income tax credit on direct domestic investments funded by dividends from Chinese resident companies.