Government incentives boost growth in tech companies By CHEN JIA in Xi an, Shaanxi | China Daily | Updated: 2021-07-26 09:23 Share CLOSE An aerial view of Xi an, capital of Shaanxi province, with the Dayan Pagoda in front, and in the background is the Tang Paradise－a theme park in the fashion of a royal garden of the Tang Dynasty (618-907), which had its capital in Xi an. [Photo provided to China Daily]
Government-led investment and preferential tax policies can be the key driving forces of technology development in China, while policymakers are continually innovating on financing measures, analysts said.
In the past few years, how to effectively leverage the government s fiscal expenditure and promote technology innovation has become one of the major tasks for officials of the financial department in Northwest China s Shaanxi province.