Taizhou's economic output grows 5.1% in 2019: report

chinadaily.com.cn | Updated: 2020-04-26

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In 2020, the local government has forecasted an uptick of more than 6.5 percent in economic output. 

The city will ramp up investment in R&D, with R&D expenditures accounting for over 2.2 percent of its GDP.

More efforts will be made to develop the digital economy. The added value of the core sector of the digital economy is expected to grow 15 percent this year.

The city plans to build another 5,000 5G base stations, with a super-fast network signal covering its entire urban area.

It also aims to foster more than 250 national-level high-tech companies and over 1,000 provincial technologicy enterprises throughout the year. 

The city will further optimize business services and plans to slash taxes and fees by more than 23 billion yuan. 


Wu Haiping, acting mayor of Taizhou, delivers the government work report at the meeting. [Photo/WeChat account: tzfb001]


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