China's unwavering efforts to deepen reform and opening-up are set to provide more business opportunities to foreign investors and contribute further to world economic recovery.
Hohhot has been making good progress in terms of promoting its business environment, with steps taken in preferential policy funds, social security funds and enterprise services.
Hohhot city in North China's Inner Mongolia autonomous region recently issued a new policy called Guidelines for Handling of Guaranteed Loans for Entrepreneurship in Hohhot in 2021.
The National Development and Reform Commission and the Ministry of Commerce released a revised industry catalog on Dec 28, 2020, that identifies more sectors encouraging foreign investment.
China has decided to reduce or cancel import tariffs on a range of products and materials starting on Jan 1, 2021.
Hohhot has officially issued nine measures to further optimize its business environment, it was announced at a press conference on Nov 26.