MNI Press Digest Jan 22: Manufacturing Aid, Biz Fees, Biden

The following lists highlights from Chinese press reports on Friday:

The Chinese government will introduce a new round of measures to support the manufacturing industry and strengthen digital information, biomedicine, new materials and intelligent equipment, the Economic Information Daily reported. Local governments with specialist expertise in manufacturing will further expand funding supports to build innovation platforms to boost advanced manufacturing, the newspaper said. The government may stimulate companies' innovative vitality through favorable policies to help with research and development, government procurement, venture capital, tax incentives and patent declaration, the newspaper said.

China will carry out inspections of illegal charges against businesses among industry associations and prevent unauthorized fees and increases, the State Council said on Wednesday in a statement following an executive meeting. The government urges canceling maturing fees levied on enterprises and the reduction of charging standards, said the cabinet. Authorities should rapidly reform penalties for price violations against businesses to allow a freer environment, the government statement said.

The possibility of US-China cooperation in fighting COVID-19, resolving climate issues and promoting growth should help President Biden's vision for the new administration, the Global Times said in an editorial. The Biden administration should consider restarting a cooperation with China and reverse previous hardline policies, said the newspaper. The two countries will progress together if they stop fighting and focus on resolving their own domestic issues, the Times editorial said.