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Guizhou invests big in micro enterprises

( chinadaily.com.cn )

Updated: 2017-03-16

Guizhou invests big in micro enterprises

Professor Jiang Jinzhong shows tea seed oil produced by his team to students. [Photo/gz.xinhuanet.com]

More than 4.4 billion yuan ($638 million) has been poured into some 108,000 micro enterprises by local governments in Guizhou province since 2012.

Guizhou province introduced a preferential policy called “three 200,000 yuan” to encourage micro enterprises. The policy offers 100,000 yuan in individual investment, 100,000 yuan in financial aid, 200,000 yuan in taxation incentives and 200,000 yuan in government supported loans. Thanks to this governmental support, approximately 581,500 residents have acquired jobs.

Guizhou invests big in micro enterprises

Chen Feifan, winner of a National Undergraduate Business Plan Competition Gold Medal, shows a project developed by his enterprise. [Photo/gz.xinhuanet.com]

Guizhou invests big in micro enterprises

Cui professoZhongwei, associate r, demonstrates his tea plantation ecology monitoring system to students in the College Students Pioneer Park of Guizhou Normal University in Guizhou province. [Photo/gz.xinhuanet.com]

Edited by Zachary Dye
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