Fengxian leads city in registration of new companies

Aug 10, 2017

For the first half of this year, Fengxian registered 22,000 new enterprises, more than other districts in Shanghai.

It also collected 9.3 billion yuan (US$1.4 billion) in tax, a 34.3 percent increase year-on-year.

New companies achieved a total business turnover of 549 million yuan in the same period, up 34.1 percent year-on-year.

District authorities are attracting competitive companies to increase fiscal income. The number for companies with a tax payment of over 500,000 yuan each has reached 2,061 in Fengxian.

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