Shanghai's tax authorities have continued to implement supportive tax and fee policies to boost innovation and industrial upgrading. In the first half of the year, policies supporting technological innovation and manufacturing delivered over RMB 140 billion in tax and fee cuts and rebates, including more than RMB 53 billion for advanced manufacturing and over RMB 73 billion for R&D-related incentives. The tax savings are translating into real innovation momentum.
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Shanghai Tech Innovation Sees Strong Tax-Policy Support in First Half
Shanghai's tax authorities have continued to implement supportive tax and fee policies to boost innovation and industrial upgrading. In the first half of the year, policies supporting technological innovation and manufacturing delivered over RMB 140 billion in tax and fee cuts and rebates, including more than RMB 53 billion for advanced manufacturing and over RMB 73 billion for R&D-related incentives. The tax savings are translating into real innovation momentum.
2026-10-03