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.
The central government has unveiled a new package of measures to spur the growth of foreign trade, including steps to support exporters' use of new technologies and channels to explore the international market and enhance the competitiveness of small and medium-sized enterprises.