A group of 13 investors – from the Yangtze River Delta region, the Pearl River Delta region, Beijing and Tianjin cities, as well as Hebei province – gathered on May 28 in Hefei city, capital of East China's Anhui province.
Tea company Chakoule Biotechnology (Huangshan) Co Ltd has completed a total output value of 90 million yuan ($13.09 million) in just four months in Huangshan. So, how did this startup achieve such quickfire success?
Behind the speed is the broader plan of the Tunxi government in gearing up efforts in attracting businesses and investments through developing high-tech, low-carbon businesses and industries.
As a key tea-production area in China, Huangshan city in Anhui province saw its tea industry make some remarkable achievements last year, with yields expected to keep growing in 2023.
The tax department in Tunxi district in Huangshan city, Anhui has been rolling out tax rebates on the exports of its companies and has been making moves to improve its efficiency, so as to help reduce the financial burden on its businesses.
Huangshan city has seen remarkable changes in economic growth, environmental protection and social development over the past decade.
Huangshan city in Anhui province is prioritizing its modern services sector, supported by its strong established industries, with modern agriculture as the foundation. It is pursuing continuing transformational development, open-minded development, green development and harmonious development – so as to realize comprehensive, coordinated and sustainable development.
Huangshan city in East China's Anhui province is providing companies of all sizes with financial services including support policies, investment funds, financial guarantees, debt-equity financing and 4,321 government-bank cooperation modes.