Nantong has introduced 26 measures to bolster economic stability and recovery, especially for the growth of private sector, according to the city’s press conference on September 14.

Nantong has launched a Natural Science Fund to enhance investment in basic research, promising a maximum funding of 500,000 yuan for an individual project for the first time. The city also prioritizes R&D in fields such as artificial intelligence, quantum information science, future network, third-generation semiconductors, cell and gene therapy, deep-sea and aerospace exploration, hydrogen energy and energy storage. Funding for a single project in these areas can go up to 1 million yuan.

Additionally, measures targeting private investment will cover sectors like transport, water conservancy, clean energy, advanced manufacturing, and modern agriculture. For private investors, the city pledges to provide timely information on infrastructure and public service projects in order to offer stable returns.