The cities of Shenzhen and Guangzhou, Guangdong Province, ranked second and fourth in the assessment of 150 industrial technology development zones. The results were prepared by the Torch Industrial Technology Development Center of the Ministry of Science and Technology, with the two cities ranked second after Zhongguancun in Beijing and Zhangjiang in Shanghai. However, Shenzhen and Guangzhou were the best-qualified regions in the Greater Bay Area (GBA).
This is just the beginning of these Guangdong sites, which have introduced various measures to attract talent and support the industry: Guangzhou Municipal Bureau of Industry and Information Technology launched a new financing project; Huadu District organized a set of measures to promote development
Technology incubators (each company will receive a subsidy of three million yuan).
Guangzhou supports businesses
Huadu Tech Zone in Guangzhou is one of the key industrial development sites in the province and is a port for the production of vehicles and components. The region is also seeking to diversify the production industry and develop it with a network of smart equipment and new energy vehicles.
This industrial base is based on the presence of two major car manufacturers (Dongfeng Nissan and Venucia) as well as 190 other companies (31 of which are among the world’s 500 most valuable companies, according to Fortune magazine).
In addition to measures to boost technology incubators, the Huadu District has launched incentives for business development, financing, financial benefits, subsidies to renovate and build spaces, and even for entrepreneurship events, according to Southsea.
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The Guangzhou Municipal Bureau of Industry and Information Technology also issued several measures earlier this month, covering the areas of information and software services, construction of industrial parks, cost reduction for small and medium-sized enterprises, creation of new digital infrastructure and innovative application of the same, with government subsidies, incentives and benefits. Talent development is being boosted across the country, and later this year, four universities in Guangzhou will include vocational training in digital commerce in their curricula. This is the first time that so many higher institutions have added this topic to their curricula. In this way, the city now has 34 universities and vocational institutes to train talents in
digital commerce in guangzhou
Develop high-tech zones
The Greater Bay promotes the development of science parks and high-tech industrial zones. As such, the Administrative Committee of Foshan High-Tech Zone will continue to invest about 100 million yuan to attract and support innovative science teams, both nationally and internationally, to develop their businesses there.
The application process for this entrepreneurial project started on March 22nd and over the past two years, Foshan District has invested more than 170 million to attract 47 startups to the area.
On the other hand, Zhuhai Tech Zone has implemented 36 new measures to attract new talent, including housing subsidy (up to 6 million), subsistence subsidy (up to 800,000), and rent allowance of up to 38,000 yuan. It also offers a 40 percent discount on leases and a “no-wait” mechanism for talent applying for leases.
The city is ready to offer 10,000 or more jobs annually to young talents, and build an information platform about jobs in the technology field.
In November last year, Dongguan’s Songshan Lake Urban Science Park said it would invest 2 billion yuan over the next five years to boost digitalization and artificial intelligence.
Under this plan, the park will complete the planning of its National Science Center at GBA by the end of the year, and by 2025 will make major technological advances. It is also expected that by 2035, a series of large scientific and technological infrastructures will be built, in common use, so that the region will become a place of innovation and international influence.
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In the Shenzhen Special Economic Zone, regulations on scientific and technological innovation have been implemented since November 2020. These measures state that the municipal government “invests at least 30 percent of its funds for scientific research and development in basic and applied investigations,” and that “a fund shall be established My country of natural sciences to support the development of basic and applied research to create scientific and technological talent.”
The city will also support businesses and other social institutions in basic and applied research, through funding and donations. In February this year, the 14th Five-Year Development Plan of Shenzhen High-Tech Zone was published, according to which in 2020, a total operating income of 2 billion yuan was recorded.
The site also recorded a total production value of 785 billion, accounting for more than a quarter of the city’s total economic revenue and more than 14,700 international patent applications from the Patent Cooperation Treaty (PCT).
The technology area of China with the largest industrial production volume between January and November 2021 was Shenzhen, reaching 1.4 billion yuan. Guangzhou and Foshan are closely followed, with 726 and 474 billion, respectively, according to the Guangdong Science, Science and Technology Center.
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