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Industrial Finance
RMB 0.6 Billion Yuan to Motivate Enterprises to Upgrade

Publish Time:2008-09-25

Recently, Shaoxing county government raised the economic policy to promote the industrial economy to adjust the structure and upgrade. Besides the relevant policy issued at the beginning this year, the financial fund put in supporting the economic development hit RMB 0.6 billion Yuan, which obviously shows the resolution of Shaoxing county government in impeling the adjustment of economy and getting through the difficult point. In the economic policy issued early this year, the financial division of Shaoxing county set up RMB 229,300,000 Yuan as a special fund to award the enterprises making contribution to enlarging effective input, breeding innovative enterprises, enlarging export trade etc.. According to the newly formulated economic policy, for the thermoelectricity enterprises, which are closely related with other industries and the public infrastructure projects, the government will refund 30% of their taxation amount for the adjustment of structure and upgrading of the enterprises. RMB 2 million Yuan has been founded as a special fund for building the public service platform for energy saving and discharge reduction of the dyeing and printing industries which play an important role in upgrading textile industry of Shaoxing county. The government policies also promote to increase effective input, change means of increasing export trade, and reforming or mergence of enterprises. In addition, the administrative charges and some other relevant taxation have been cleared completely. The charges concerning enterprises have been ceased to levy temporarily or suspended to ensure the enterprises to reduce the pressure and make Shaoxing county one of the regions with the fewest charges and lowest development costs. The examination and reward to bank has been enhanced as well encourage them to innovate the service to support the development of enterprises.
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