Wudang hopes to see 6,100 new market entities in 2022

Wudang district in Guiyang, capital city of Southwest China's Guizhou province, has set a goal of adding 6,100 new market entities in 2022.

The goal for the number of newly-added enterprises is set at 1,005, 100 of which should be enterprises above a designated size – companies with annual revenue of 20 million yuan ($3.1 million) or more.

Wudang will take measures to cultivate enterprises involved in such strategic emerging industries as new energy, new materials, big data electronic information, high-end equipment, biomedicine, energy conservation, environmental protection, new energy vehicles and aerospace.

Meanwhile, more efforts will be made to boost the number of listed enterprises and high-tech enterprises in Wudang.

Wudang will reward newly-identified and re-identified high-tech enterprises that meet conditions for R&D investment.

A one-time subsidy of 500,000 yuan will be given to newly identified national-level technological innovation demonstration enterprises and industrial design centers. A one-time subsidy of 250,000 yuan will be given to enterprise technology centers, technological innovation demonstration enterprises and industrial design centers at the Guizhou provincial level.

Moreover, green channels will be opened for business-related affairs.

Wudang will ensure that business start-up matters are completed on average in just one working day, reduce the operating costs of small and micro-sized enterprises, and include small and low-profit enterprises and individual industrial and commercial households within the scope of application for the value-added tax reduction policy.