China Promotes High-Quality Development of International Design Consulting Services

Nineteen government departments, including the Ministry of Commerce, Ministry of Foreign Affairs and National Development and Reform Commission, recently issued a joint circular (Shang He Han No. 1 [2021]), calling for concerted efforts to boost the high-quality development of the Belt and Road Initiative and significantly increase the competitiveness of China’s design consulting business in the international market by 2035.

Greater support will be given to the fiscal, financial and insurance sectors and policy guidance and mechanism guarantee will be strengthened through the intensification of fiscal and tax policy support and the innovation of financial and insurance service products. It is also stated that efforts must be made to enhance the overall competitiveness of enterprises and improve their design consulting services and capacity for technological research and innovation.

Source: Ministry of Commerce