Tongzhou district in Nantong city rolls out a range of policies and measures to help local businesses overcome difficulties and boost overall economic growth. [Photo/ntfabu.com]

Authorities in the Tongzhou district of Nantong city – located in East China's Jiangsu province – recently rolled out a raft of policies and incentives, designed to help businesses overcome their difficulties and to boost overall economic growth.

The 48 policies and measures cover eight major areas including increasing fiscal and tax support, strengthening financial services for the real economy, reducing company production and operating costs and supporting the transformation and upgrading of industrial enterprises

Other areas are accelerating the service industry's recovery and development, actively expanding effective investment, strengthening support for foreign firms and continuously optimizing enterprise-related services.

Existing special funds will be allocated to micro, small and medium-sized enterprises that are in temporary difficulties in terms of production and operating, but which have promising projects and competitive technologies.

Funds will also go to labor-intensive and service-oriented micro, small and medium-sized enterprises with a high social benefit in terms of peoples' livelihoods.

Tongzhou will also support financial institutions to provide inclusive financial support in logistics, to eligible micro and small-sized foreign trade enterprises.

In order to support the upgrading of its industrial enterprises, the district will provide free consultations for their reconstruction and digital transformation through government purchasing services.