China's Tax Incentives Drive Private Sector Research...
China News
August 7, 2023
China's proactive tax support policies have yielded substantial results in promoting research and development (R&D) investment within the private sector. In the initial half of this year, more than 300,000 companies have reaped the benefits of these policies, securing additional deductions for their R&D expenditures. Impressively, a significant majority of these beneficiaries, at 94.3 percent, are private enterprises.