East China’s Jiangsu province has released a slew of new environmental protection measures to ensure that the Taiwanese-funded enterprises will enjoy the same privileges as the mainlanders.
More than 1100 Taiwanese enterprises in Jiangsu have enjoyed preferential tax policies for high-tech enterprises, with a cumulative reduction of 3.125 billion yuan in corporate income tax
Kunshan Hutech Optoelectronics Technology Co., Ltd., for example, has realized the transition from "manual manufacturing" to "smart manufacturing" due to the preferential policies.
Peng Qiwei, chairman of Kunshan Hutech Optoelectronics Technology Co., Ltd.
Because of government subsidies, we have transformed the OLED production line to automation, reducing labor costs by 15% and making output more efficient.
By unveiling 20 more preferential policies in November this year, authorities in Kunshan have made it to benefit the Taiwanese-funded enterprises and their employees.
Zhuo Jiahe, chairman of Yung Shin Pharm.Ind.(Kunshan) Co., Ltd
By settling in Kunshan, we have found a new home in Kunshan.
From January to October, Jiangsu approved 627 new Taiwanese-funded projects, growing 25% from a year ago.
The amount of contracted Taiwanese capital totaled 6.6 billion US dollars, up 53% year on year.
99 investment projects register individual investment of more than 100 million US dollars.
As of the end of October, Jiangsu had approved 28000 Taiwanese-funded projects with direct investment of 800 US dollars. 6300 investment projects register individual investment of more than 100 million US dollars.
