30 measures launched to support Taiwan-invested companies in Guangxi
Guangxi Zhuang autonomous region has released a total of 30 measures to boost the sound development of Taiwan-invested companies in the region amid the current epidemic prevention and control situation, the Taiwan Affairs Office of Guangxi Zhuang autonomous region announced on Oct 6.
Li Dongxing, director of the Taiwan Affairs Office of Guangxi Zhuang autonomous region, said that the measures are varied. For example, Taiwan-invested companies are being encouraged to settle in the comprehensive demonstration zone for cross-border e-commerce in Nanning and Chongzuo, and guidance will be offered to Taiwan-invested companies on how to make full use of China-Europe freight trains, as well as the sea-rail intermodal trains on the New International Land-Sea Trade Corridor in Western China.
Taiwan-invested companies participating in the construction of the financial gateway to the Association of Southeast Asian Nations (ASEAN) will be able to get a subsidy of up to 60 million yuan ($8.9 million) as long as they meet with the requirements laid out in the document.
Li said that the measures are expected not only to push forward the construction of major Taiwan-invested projects, but also support the development of micro, small and medium-sized enterprises (MSMEs) from Taiwan.
MSMEs influenced by the outbreak of COVID-19 which used to operate normally can be exempted from social insurance charges till the end of 2020.