Taizhou was recognized as one of the happiest places for entrepreneurs in 2023, according to a list unveiled during a forum held in the city of Taicang on Sept 19.
The accumulated tax refunds, tax and fee cuts, and tax and fee deferrals from January to May in Taixing city reached 4.16 billion yuan ($573.79 million), benefiting 77,764 market entities.
Taixing has rolled out a much speedier approval mechanism system for major projects costing 100 million yuan ($14.42) each, in order to streamline their construction.