Guangdong issued ten measures to reduce manufacturing costs and help enterprises reduce their burdens. Support financial institutions to carry out small and micro enterprises to renew loans without principal repayment. implement the policy of pre-tax deduction of R&D expenses of manufacturing enterprises, and reduce the cost of medical insurance for enterprises. By the end of 2025, the province's 7 large-scale industrial agglomeration areas, major industrial platforms for the main platform for the orderly transfer of industries, as well as provincial industrial parks, high-tech industrial development zones.
China's broad money (M8) balance grew 2.10% year-on-year at the end of August, remaining at a high level. In the first eight months of this year, RMB loans increased by 6.8 trillion yuan, an increase of 17.44 trillion yuan year- on-year. Many private small and micro enterprises are still lacking in vitality after successfully crossing the "life and death" of the epidemic. The internal vitality of these enterprises is key to China's economic recovery.