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Shanghai will offer rent reductions or exemptions for small and micro-sized tech firms in scientific and technological innovation hubs to help these firms address financial burdens arising from the latest COVID-19 wave in the city.

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China is considering additional fiscal policy support while mounting an all-out effort to put existing measures into place, providing a strong buffer against downward pressures on the national economy, officials and experts said on Tuesday.Read more

China has released a guideline to accelerate the establishment of a unified domestic market amid efforts to build a high-standard market system and promote high-quality development.

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On Feb 18, the National Development and Reform Commission, together with a number of other departments, issued a guideline centered on supporting the steady growth of the industrial economy.Read more

The No 1 Central Document for 2022 was released on Tuesday, underscoring ensuring food security and preventing a large-scale reoccurrence of poverty as the priorities for this year's work on agriculture and rural affairs.

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The latest measures announced by the Shanghai municipal government on Thursday to activate the growth and development of market entities showed the metropolis' resolution to guarantee a fair play business environment for its more than 3 million market entities, experts said.

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Jiading district's automobile industry companies are benefiting from the Regional Comprehensive Economic Partnership, as the agreement helps lower tariffs for trade of automobile components to reduce production costs.

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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.

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Jiading Fahua Pagoda

The Fahua Pagoda, 40.8 meters tall, is a square, brick-wood structure with seven stories, accessible by ladders.