City night view of Hangzhou, Zhejiang. Photo: Getty Images
City night view of Hangzhou, Zhejiang. Photo: Getty Images
Zhejiang

Alibaba’s home province to offer preferential tax policies and promote ‘hard tech’ such as chips and digital security

  • The local government aims to ease the financial burden for enterprises and individuals by 300 billion yuan in 2022
  • Policy support is in line with China’s pivot towards core technology areas to help it fend off pressure and sanctions imposed by the US

City night view of Hangzhou, Zhejiang. Photo: Getty Images
City night view of Hangzhou, Zhejiang. Photo: Getty Images
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