The General Office of the Jiangsu Provincial Government has recently issued a comprehensive policy document aimed at stimulating economic growth and enhancing quality across multiple sectors. The new measures, which take effect immediately, focus on expanding domestic demand, upgrading industrial systems, and fostering a more dynamic business environment.

Key initiatives include distributing health service vouchers to families with infants and toddlers, enforcing the paid annual leave system for workers, and increasing the frequency of small and medium-sized concerts as well as local music festivals. These steps are designed to boost service consumption and enrich cultural offerings across the province.

Strengthening fiscal and financial support

The policies prioritize optimizing fiscal policy efficiency by accelerating budget disbursement and the use of bond funds. Increased subsidies will target advanced manufacturing, modern services, urban renewal, and modern agriculture. The issuance of corporate bonds for urban renewal projects will be supported, alongside an expansion of the inclusive finance risk compensation fund to better assist small and medium-sized enterprises.

Efforts will also focus on improving financial services for key industries through a new provincial project financing platform. Dynamic updates to financial service whitelists will support county-level specialty industries and industrial clusters. Special financial measures will be introduced to aid the construction industry's transformation and stabilize the real estate market.

Boosting commodity and service consumption

Consumer spending will be encouraged through optimized trade-in policies for durable goods and subsidies for digital products, with particular attention to university students. Automobile purchase incentives will continue through various promotional activities. The service sector will see growth through platforms like the Taihu Bay Music Festival, building an integrated system around performances and sporting events. Sectors including elderly care, childcare, housekeeping, and healthcare will be encouraged to expand through chain operations.

The province plans to deepen nighttime economy initiatives and expand participation in dedicated consumption activities. Efforts to upgrade the profile of local cuisine and introduce high-quality medical aesthetics institutions are also included. A pilot program for international medical services at top public hospitals will be launched, along with trials integrating traditional Chinese medicine services with trade development.

Promoting new consumption models and major projects

New business models will be encouraged through the development of distinctive commercial streets and first-store economies. The province will host an e-commerce innovation conference to advance AI-integrated commerce. Special policy funds will be leveraged to support major projects, particularly in key infrastructure networks. A green channel will be established for major projects, facilitating approvals and ensuring environmental compliance processes are streamlined.

Infrastructure development will be accelerated, particularly the construction of new energy vehicle charging and swapping facilities, with new subsidy policies introduced. Grid upgrades, smart distribution networks, and cross-provincial green power corridors will be advanced, supported by financial incentives and streamlined power access for computing projects.

Focusing on industrial upgrading and innovation

The province will intensify efforts to transform traditional industries through technical upgrades, digitalization, and intelligent manufacturing initiatives. This includes free AI diagnostics for manufacturing enterprises and increased support for energy-saving and carbon-reduction technology projects. Emerging pillar industries and future sectors will receive targeted policy support and industrial alliance development.

Basic research and core technology breakthroughs are key priorities, with increased provincial funding for basic research and joint funds with the National Natural Science Foundation. The province will accelerate the development of innovation belts and optical valley projects. Support for corporate innovation will be strengthened by encouraging large companies to establish research institutes and lead provincial technology plans.

Boosting AI and agricultural technology

A dedicated incentive policy will be launched to promote AI development, covering application scenarios and the growth of industrial clusters. Funds will support foundational model development and the enhancement of the AI hardware supply chain. The province will also promote the "AI+" approach through project roadshows and application of typical scenarios in key fields.

Agricultural science and technology will be improved through provincial R&D projects focusing on core germplasm resources, intelligent machinery, and smart agriculture. Support will be provided for major breakthroughs in seed industry projects, along with rewards for exceptional results. Efforts will continue to stabilize agricultural production and increase farmers' incomes.

Improving the business environment

Precise measures will be implemented to relieve enterprise burdens, including intensified efforts to clear overdue payments owed to companies. Financial support through receivable financing subsidies and VAT retention refunds will be expedited. Qualified enterprises can apply for deferred payment of employer social insurance contributions for up to six months.

A fair and orderly competitive environment will be ensured by addressing "involution" and streamlining various support policies to guarantee their enforcement. The province will enhance government-enterprise communication mechanisms and utilize service hotlines to resolve business difficulties. Credit repair procedures and bankruptcy restructuring services will be optimized, with special support for listed companies to resolve risks through legal restructuring.

Expanding investment and foreign trade

Private investment channels will be broadened with the establishment of a provincial private enterprise investment fund. Government infrastructure projects will now need to demonstrate feasibility for private capital participation. The province will continue supporting corporate listings and bond issuance coaching for tech SMEs.

Foreign trade will be bolstered through funding for enterprises to participate in domestic and international exhibitions, cross-border e-commerce training, and support for overseas warehouse supply-demand connections. Export credit insurance will be expanded, and measures will be introduced to help foreign trade enterprises manage exchange rate risks and access trade financing.

Enhancing resource supply and green transition

Measures to improve land use efficiency will be implemented, including flexible adjustments to urban development boundaries and support for land use in major infrastructure projects. Computing power and data resource supply will be strengthened through a sharing mechanism and a provincial data exchange. Green development will be promoted through carbon emissions trading mechanisms, green power pilot projects, and the construction of a national carbon measurement center in Jiangsu.

Fostering integrated development

The province will focus on integrating investment in physical assets with investment in human capital. Talent attraction initiatives will be strengthened, including support for introducing leading talents in strategic industries and implementing employment promotion programs targeting young people. The principle of integrating advanced manufacturing with modern services will be advanced, alongside initiatives to promote the platform economy's healthy development.

Efforts to combine improving people's livelihoods with expanding consumption will continue. This includes creating large-scale employment opportunities, providing one-time hiring subsidies for businesses recruiting young graduates, and expanding social insurance support. Elderly care and childcare services will be improved with the distribution of service vouchers. The paid leave system will be strictly implemented, coordinating with school vacation schedules.

Urban renewal and real estate stability

Urban renewal projects will be supported through special local government bonds, accelerating renovation of old residential communities, and continuing fiscal subsidy policies. Real estate market stability will be pursued through optimized provident fund loan policies, quality land supply, and promotional housing exhibitions. Guidance for revitalizing existing real estate land will be provided.

Deepening integration of culture, sports, and commerce

To boost integrated development in culture, tourism, sports, and commerce, the province will allocate funds to support related consumption. Efforts will promote inbound and rural tourism, establish international tourist service centers at airports outside the province, and expand international passenger and cargo routes. Museum-themed activities and an increase in overseas tours are planned to attract more visitors.

Notably, the frequency of small and medium-sized concerts and local music festivals will be increased. Promotional campaigns such as "A Million Students Tour Jiangsu" and the issuance of cultural tourism vouchers will be organized. The province will support sports events with significant influence and work to monetize its cultural tourism assets more effectively.