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Shanghai Daily News Digest

Lingang unveils epidemic-related policies to bolster enterprises   2020-02-18

 

 

In the face of the novel coronavirus pneumonia outbreak, the management committee of Lingang New Area in Shanghai has announced 16 new policies and regulations to stimulate the production of epidemic prevention material, encourage scientific breakthroughs in the epidemic fight, reduce operational burden and guarantee the normal operation of enterprises. Lingang New Area will support the production and boost supplies to enterprises involved in epidemic prevention materials to expand their production capacity. For projects that require capital increase, production expansion, and technological transformation for epidemic prevention, 50 to 100 percent of the total investment will be reimbursed after the project is approved. A green approval channel will be set up for adding manufacturing plants and environmental assessment to support the fight against the spread of the epidemic.  A green channel will be established and a special funding of up to 70 percent of the total investment will be handed out to support biomedical companies to carry out scientific and technological research on treatment methods, drug research and development, testing technology and medical equipment.  

 


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