Department of Commerce of Guangdong Province recently issued a new policy to support high-quality development of private enterprises. The new measures cover such areas as participation of foreign exhibition, corporate export, customs clearance cost, corporate finance, and etc, according to Zhongshan Bureau of Commerce.
The new policy mentions that enterprises who participate in exhibitions held in countries along the Belt and Road such as Vietnam, Indonesia and India will be eligible for refunding 80% of the booth fees.
The leaders of Zhongshan-based companies such as Liewu Sanitary Ware and Neptum Sanitary Ware believed the much higher subsidy makes them more confident in overseas markets expansion.
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