In order to create a favorable business environment for local companies, the Wuhan government has launched 23 policies to spur market vitality.
The National Development and Reform Commission and the Ministry of Commerce released a revised industry catalog on Dec 28, 2020, that identifies more sectors encouraging foreign investment.
Wuhan Economic & Technological Development Zone (WHDZ) in Wuhan, Central China's Hubei province, has taken measures to optimize its business environment, launching an emergency fund service platform to provide short-term transitional financial support for small and micro-sized enterprises based in the zone.
China has decided to reduce or cancel import tariffs on a range of products and materials starting on Jan 1, 2021.
Wuhan Economic & Technological Development Zone (WHDZ) in Wuhan, Central China's Hubei province, has been promoting the development of its construction industry with detailed regulations released earlier this year.
Wuhan, capital city of Central China's Hubei province, has recently issued 22 detailed rules to develop a law-based business environment, according to local media reports.
The central government has unveiled a new package of measures to spur the growth of foreign trade, including steps to support exporters' use of new technologies and channels to explore the international market and enhance the competitiveness of small and medium-sized enterprises.
In Central China's Hubei province, Wuhan is optimizing its business environment for the development of the integrated circuit (IC) industry by launching the Several Policies for Accelerating the High-quality Development of the Integrated Circuit Industry in Wuhan.
