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.
It's currently peak season for harvesting scallions and in Xinghua, the little delights are now going through the full chain of production processes before reaching diners.
From the start of this year, Xinghua Rural Commercial Bank disbursed 713 million yuan ($97.25 million) of spring plowing reserve loans as of the end of March.