2021-03-26 04:57
Premier Li Keqiang reiterated the policy to raise the extra tax deduction on R&D expenses of manufacturing firms during his inspection tour to Changzhou of East China's Jiangsu province on March 25, the day after a decision was made at the State Council executive meeting to implement the policy.
At his first stop of the tour at Hengli Hydraulic, the Premier learned about the R&D, manufacturing, market share and global cooperation from Liping Wang, Chairman of Jiangsu Hengli Hydraulic Co., Ltd. 
Hydraulic systems are very important to the manufacturing industry, and China has had some weakness in this area. Through cooperation and innovation, Hengli has made breakthroughs, Premier Li said.
He added he hoped Hengli adheres to cooperation and innovation and always meets the most advanced standards in the industry and the world.
About Hengli Hydraulic
Over the past 30 years, Hengli has continuously strengthened its R&D investment in high-end hydraulic products for large-scale infrastructure equipment, ships, marine engineering equipment and port machinery. It has been focusing on innovation with its massive production scale as well as the state-of-the-art hydraulic technology. Hengli currently has four R&D centers, together with nine manufacturing bases in countries including China, Germany, the United States and Japan.
SOURCE: The State Council of the People's Republic of China
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