China will accelerate reforms to encourage fair competition in the market, spur the vitality of smaller companies and offer private business owners greater tax incentives to give back to society, which is crucial for the country to achieve the goal of common prosperity, experts said.

Hesai Technology, a Jiading district-based company, received $70 million in additional financing from Xiaomi on Nov 16, increasing the total financing that it has received to over $370 million in D-round financing.

Agreements for 34 projects with a total investment of 6.02 billion yuan ($941.11 million) were signed at Jiading district's monthly signing event on Nov 11.

Companies from Jiading district have shown various new products adopting the concept of low-carbon and sustainable development at the fourth China International Import Expo, which is being held in Shanghai from Nov 5 to 10.

Ernst & Young China, a leading consulting company, signed a cooperation agreement with Anting town in Jiading district on Nov 6 at the fourth China International Import Expo in Shanghai.

Shanghai will develop opportunities, optimize the business environment and further enhance government service standards with the aim to create a better future for both global investors and its residents, according to senior city officials.

Jiading district's special session of the trade and investment docking meeting that was themed on "technology and intelligent manufacturing" was held at the fourth China International Import Expo on Nov 6.

A project led by United Imaging, a Jiading district-based high-end medical device company, was awarded the first prize of the 2020 State Scientific and Technological Progress Award at an annual award ceremony held in Beijing on Nov 3.