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Guangdong ‘new 10-chapter for the real economy’ released

  Cutting cost in terms of tax, land use, social security and financing, supporting major projects and emerging industries......The Guangdong “new 10-chapter action plan for the real economy”, which includes 61 policy items, was recently released, aiming to reduce cost for manufacturing enterprises and backing up development of the real economy.
  The “new 10-chapter for the real economy” will focus on issues and challenges enterprises face, in particular in terms of “major project settlement”, “construction speed”, “corporate land use”, “high operation cost”, and etc, said Wu Yuguang, Vice Director of The Economic and Information Commission of Guangdong Province. “In that case, we introduce a series of innovative measures.”
  “It is estimated that the ‘new 10-chapter’ can help enterprises reduce over 200bn yuan cost from 2018 to 2020.” Said Zhong Xuanhui, Deputy Secretary General of People’s Government of Guangdong Province.

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