Policies to boost industrial economy
China DailySHI YU/CHINA DAILY New guideline promotes tax and fee cuts, financing support for related businesses A newly issued guideline on bolstering the industrial economy is expected to help shore up growth of the sector, which has faced continuous challenges due to the COVID-19 epidemic, and policy support is likely to forge healthier, more sustainable development in the field, experts said. "Currently, compounded with new downward pressures in the economy, market sentiment among large, medium and smaller businesses is diverging from expectations of the small business community remaining weak," he said. They are also important in keeping the growth of the industrial economy stable, and they are critical in industrial supply chains." The new document has also made clear that industrial and supply chains in the manufacturing sector will be strengthened and weak links reinforced, and a reconstruction of the national industrial foundation will proceed.