Central authorities recently announced the implementation of a plan to support the high-quality development of Guizhou province's culture and tourism industry.
Since the beginning of this year, Southwest China's Guizhou province has released about 40 policies to reduce taxes for market entities, helping the service industry resume development, boosting the recovery of the industrial sector, and stimulating the consumer market.
The pledge by China's top leadership to unleash the positive role of private capital while preventing its unchecked and reckless expansion has underscored top policymakers' desire to refine capital regulations to revive investment activities amid economic downturn while ensuring fair competition and better protection of public interests, experts said.
Southwest China's Guizhou province recently issued a plan setting goals, tasks and measures to boost the high-quality development of the new energy battery and battery material industries in 2022.
Southwest China's Guizhou province recently released a three-year action plan to promote the listing and high-quality development of companies.
Guiyang, capital of Southwest China's Guizhou province, released several measures to encourage foreign investment utilization this year.
China will accelerate reforms to encourage fair competition in the market, spur the vitality of smaller companies and offer private business owners greater tax incentives to give back to society, which is crucial for the country to achieve the goal of common prosperity, experts said.