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.
Xinghua is harnessing science and technology innovation projects to develop new industries and development models, with a focus on emerging and future industries.