The State Council decided to commend 20 cities and 20 counties (districts) that have positively implemented central government policies based on the results of inspection in 2015, vowing more incentives.
The commended cities include Shenyang in Liaoning province, Qingdao in Shandong province and Chengdu in Sichuan province. The counties include the Xicheng district of Beijing, Putuo district of Shanghai and Bishan district of Chongqing. They will be exempt from this year’s inspection.
As rewards, the regions can choose to apply for projects in urgent need, which are identified and supported by the special development funds.
The recovered amount of the central budgetary investment and special transfer payments in 2015 will be reallocated to the cities and counties for future development.
This year, enterprises in these places can apply for the issuance of corporate bonds directly through the National Development and Reform Commission.
In addition, the praised areas will enjoy favorable quotas for newly-added construction land.