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Hohhot supports e-commerce industry through policies

(chinadaily.com.cn)

Updated: 2016-12-12

Hohhot, capital of North China’s Inner Mongolia autonomous region, has implemented numerous polices to support the development of the e-commerce industry and accelerate the transformation and upgrading of the local economy.

Supportive policies formulated by the Hohhot government include setting up e-commerce investment funds, aiding small e-commerce businesses, encouraging e-commerce companies to clust

Hohhot supports e-commerce industry through policies

er at industrial parks, rewarding leading companies in the sector, fostering skilled talents to contribute to tech innovation, and improving supporting services for e-commerce companies.

As for investment fund, the Hohhot government has planned to provide a fund totaling 200 million yuan ($28.8 million) for businessmen to start their e-commerce companies or expand their brands.

For small businesses, the government has offered grants to companies in the e-commerce sector to ensure their survival against tough economic competition.

Also, the local government has constructed office buildings, employee apartments, and comprehensive service centers for e-commerce companies and provided special subsidies for reducing the rent fees. Thanks to the clustering of numerous e-commerce companies in the industrial park, running costs will be reduced due to economies of scale.

Hohhot supports e-commerce industry through policies

To boost e-commerce companies, the Hohhot government has arranged multiple rewards for leading companies. For instance, an e-commerce company with annual trade over 1 billion yuan will be awarded 500,000 yuan. Also, companies setting industrial trends and building influential brands can earn rewards.

Besides, the government is attempting to attract talented workers to the e-commerce sector to come to participate in e-commerce development. It’s said that emerging companies can receive around 10 percent of their total investment from the Hohhot government, with a cap of 1 million yuan.

In addition, a serious of supporting services have been enacted for e-commerce companies and their employees, such as a public service center, a finance guarantee institution, a free training center for potential e-commerce talent, and smart and convenient express delivery stations.

Hohhot supports e-commerce industry through policies

High-speed train debuts in Inner Mongolia

A bullet train departed Hohhot East Railway Station for Ulanqab marking the start of high-speed rail services using Inner Mongolia’s first newly-laid high-speed railway on Aug 3.

Grassland Tales From Inner Mongolia

This year marks the 70th anniversary of the establishment of the autonomous region, during which various celebrations are planned to showcase its prosperity and ethnic diversity.

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