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35 suggestions for private economy, a hot issue in Shandong

2018/11/19 15:10:13   source:sdchina.com

Recently, Shandong released the document, Several Suggestions on Supporting the High-quality Development of Private Economy, which focuses on the pain points and difficulties reported by the private enterprises. 35 specific measures in 6 aspects were formulated to alleviate their tax burden and create a fair business environment. The suggestions have caused great concerns from private entrepreneurs.

Shandong Biobase Group, a national-level incubation center, is mainly engaged in the biotechnological industry. As a technology-driven enterprise, the company has been thinking about how to boost development and industrial transformation through innovation. The biggest bottleneck the company faces is bio-sensing and the goal they pursue is robots and smart medical devices, said Gan Yiwu, president of the company.

After the release of the suggestions, national and provincial science and technology business incubators, university science parks and national registered mass-entrepreneurship space are encouraged for innovative development and a maximum subsidy of 30 million should be provided for the establishment of a national technology innovation center.

Gan Yiwu said that the suggestions have a great impact on his company and increase their determination and confidence for applying national technological project. “Because our next target is to become a national business incubator, the cut of tax and administrative fees are very beneficial to our business,” he added.

Founded in 2000, Shandong Shibo Culture Transmission Company is specialized in the research and development of animation industry. From the animation creation to the industry-education integration, the company has developed into a leading enterprise in animation industry after years of exploration.

“What I mostly felt on the difficulties we encountered in those years was the hard process of fund declaration. Whether it is animation creative production, technological innovation, or platform building, the projects are clearly very good, but it is always difficult to be approved, difficult to get funds,” Yang Zhenhua, the president of Shandong Shibo, said in an interview.

The problems Wang Zhenhua encountered were actually quite common. When applying for relevant funds, even if the project of private enterprise is excellent, the result is always more favorable to the state-owned enterprises. In view of this kind of problems, the suggestions stipulate that all kinds of “roller shutter doors”, “glass doors” and “revolution doors” should be broken in the matter of market access, approval permission, business operation and bidding.

“We are planning for the construction of an animation industrial integration park. We are at a moment of great opportunities for private economy in Shandong,” said Wang Zhenhua. “From land to policy to capital, the 35 measures are all good news for us.”

It seems that the 35 measures have indeed solved many problems. Many entrepreneurs said that each of these suggestions is something real and valuable, and backed by enough fund. With the guidance of the 35 suggestions, the vitality of Shandong’s economy will be fully released and the private economy will move towards a broader arena.

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