The Taixing Huangqiao EDZ has realized the transformation of industries from the traditional rough processing of agricultural and sideline products to emerging industries.
With support from the zone, Taixing Hutchin MFG recently obtained 9.4 million yuan ($1.31 million) in credit loans from the Nanjing branch of Bank of Beijing.
The 18650 lithium battery intelligent production line of Jiangsu Sunpower was recently put into operation. It is able to produce 300 batteries every minute.
Foreign tourists can now claim VAT refunds for purchases as low as 200 yuan ($27.82) per day, down from the previous threshold of 500 yuan, with cash refunds up to 20,000 yuan.
