News Snapshot:
Chengdu, the capital of Southwest China's Sichuan province, is nurturing innovation in the new economy to create a powerhouse for regional economic development. The city's recent move to open up registration for companies as part of the first batch of innovation-application experimental labs and future scene labs is an important part of its efforts to buoy innovation. Officials said this will help with the development of businesses in the new economy. The Chengdu New Economic Development Commission, the initiator of the two lab projects, said companies will receive investment or subsidies worth up to 2 million yuan ($285,695) upon approval....
