The new support policies to encourage foreign investors to set up R&D centers in Shanghai will be in effect from December 1, 2020 until November 30, 2025.
In a trial run, Beijing will encourage the use of electronic seals for signing online certificates, approvals, contracts, and other electronic materials.
Suzhou boasts of large industrial parks, multiple ports, and an advanced manufacturing infrastructure that is further supported by key incentive policies.
The Ministry of Manpower issued a circular in October 2020 advising regional governments not to increase the monthly minimum wage rates due to the ongoing pandemic.