Xi'an, capital of Northwest China's Shaanxi province, recently rolled out a series of policies and measures to coordinate COVID-19 pandemic prevention and control and economic and social development in pursuit of high-quality development.

Traffic circles the Bell Tower in Xi'an. [Photo/Xi'an municipal government's WeChat account]

The city will establish a municipal-level guarantee group with a registered capital of 10 billion yuan ($1.5 billion), make good use of the 5-billion-yuan anti-epidemic recovery and development fund, and offer support to small and micro-sized enterprises.

Efforts will be made to promote the construction of 553 municipal key projects and speed up procedures to ensure that new projects can start construction as soon as possible.

Xi'an will guide foreign investment into priority industries such as equipment manufacturing. Projects with direct investment of more than $10 million this year will be awarded up to 30 million yuan according to the actual investment amount.

By jointly holding consumption promotion activities, the city will strengthen cooperation with key commercial and trade enterprises and boost the consumer market. For enterprises carrying out consumption promotion activities, a subsidy of up to 1 million yuan will be given.

In addition, foreign trade enterprises will be encouraged to expand into international markets, and certain incentives will be given to finished vehicle manufacturers registered in Xi'an to expand the scale of their exports.

The city will also improve employment and entrepreneurship support policies with a focus on university and college graduates, migrant workers and veterans.

Other policies and measures are meant to accelerate industrial growth, improve the quality and efficiency of the construction industry, advance the recovery of the service sector, improve people's livelihoods, and ensure workplace safety.