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Guangxi releases 10 measures for industrial economy's growth


Updated: 2023-08-18

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Guangxi Zhuang autonomous region has recently introduced 10 policy measures to promote stable industrial economic growth.

These policies also support industrial enterprises by increasing their production efficiency, resuming and increasing their output, and accelerating project construction.

The region is prepared to reward enterprises that achieve certain benchmarks with a maximum of 1 million yuan ($137,709) per quarter. These include manufacturing enterprises among the top 500 in the region in terms of output value; leading regional industrial enterprises; chain-dominant enterprises; national-level "little giant" enterprises; and "single champion" enterprises that achieve production increases in the third and fourth quarters of 2023.

Industrial enterprises above the designated scale with a net increase of more than 50 million yuan in industrial output value during the third and fourth quarters of 2023 will be rewarded at a rate of 1 per mille of the net increase for that quarter, with a maximum reward of 1 million yuan per quarter.

Industrial enterprises that resumed normal production in the third quarter of 2023 and have a year-on-year increase of more than 8 percent in industrial total output value, will be rewarded with a one-time incentive based on the net increase of its industrial output value for the third quarter of 2023, with a maximum of 1 million yuan per enterprise.