The Dongguan authority of south China's Guangdong Province released a total of 50 policies to promote high-quality development of its private economy on Wednesday.
These policies focus on strengthening such fields as domestic and overseas market expansion, overall cost reduction, financial service security and the opening-up of investment areas.
According to preliminary calculation, the city, a well-known manufacturing base in China, is likely to reduce the burden of private enterprises by nearly 30 billion yuan and provide about 50 billion yuan worth of value-added services for these businesses from 2018 to 2020.
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