Several Chinese cities are accelerating the optimization and upgrading of the textile and apparel industry.
Release time:
2026-01-28
Recently, a reporter learned from the Finance Bureau of Zhucheng City that the city’s fiscal authorities have fully leveraged their fiscal functions, engaged in proactive planning and initiative, and provided support to local enterprises in accelerating their transformation and upgrading through financial assistance, policy preferences, and institutional reforms.
Recently, a reporter learned from the Finance Bureau of Zhucheng City that the city’s fiscal authorities have fully leveraged their fiscal functions, engaged in proactive planning and initiative, and provided support to local enterprises in accelerating their transformation and upgrading through financial assistance, policy preferences, and institutional reforms.
The Zhucheng Municipal Finance Bureau has allocated special funds to provide robust preliminary support for key investment attraction projects in the textile and apparel industry identified by the municipal government, giving them priority in terms of policy support. The bureau also promptly tracks higher-level industrial support policies, strengthens coordination and collaboration with relevant departments, actively seeks special funding from higher authorities, and maximizes support for enterprises in market expansion, technological innovation, and transformation and upgrading. In addition, the bureau has implemented the Municipal Government’s Measures for Encouraging Enterprises to Go Public and List on the New Third Board, establishing a dedicated fund to incentivize local textile and apparel firms to pursue IPOs and listings on the New Third Board, thereby further broadening their access to financing channels.
We will conscientiously implement the state’s structural tax-reduction policies, including support measures for small and medium-sized enterprises, export-tax rebate policies, and tax reductions for high-tech enterprises; actively put into practice incentive policies that promote scientific development, such as the “enclave economy” initiative, standardized factory-building programs, and the “three招 three引” strategy; refine and strengthen the apparel and textile industry by focusing on developing the upstream segments, upgrading the downstream segments, and expanding the midstream segment, thereby establishing a well-rounded and open apparel and textile industrial chain.
Support the effective operation of Shuntai Investment Company, leveraging financial bridge financing to help enterprises overcome the challenges of high bridge-financing costs and short turnover periods, while effectively mitigating financial risks. Expand and strengthen the Shunyu and Shunbang corporate guarantee platforms, further increasing the scale of loan guarantees provided to enterprises and raising the maximum guarantee limits, thereby alleviating enterprises’ funding pressures.
