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Jiangmen Business Development

Update Date:2019-11-18 10:23:59     Source:www.3737580.com     Views:128

Jiangmen, in the western Pearl River Delta, is positioning to become a major base for development of small and micro firms, following China's promotion of entrepreneurship and innovation as a driver of the country's economic transition. The city has established more than 40,000 new small and micro firms since June last year, of which about 1,000 are technology-driven entities.

 

The city is making great efforts to simplify registration procedures, promoting better services for small land micro firms, especially the technology-driven ones. In 2015, technology transaction in Jiangmen increased by 56.8 percent year-on-year. The city held a weeklong activity recently focusing on innovation and entrepreneurship, in which 112 projects from young overseas Chinese and domestic entrepreneurs were promoted. The local government has teamed up with the Peking University to publicize a report of innovation and entrepreneurship index, which shows the activities of small and micro firms.

 

According to the report, the index of Jiangmen's innovation and entrepreneurship rose 73 percent year-on-year in 2015. Jiangmen has become one of the 16 pilot cities for development of small and micro firms under the country's drive of promoting innovationand entrepreneurship. The central government has been promoting entrepreneurship and innovation, or so called "shuangchuang", to boost innovative activities as a way to ride out the major economic transition and maintain sustainable growth.

 

Development Zones
There are 73 new and high-tech development zones and industrial parks in Jiangmen. Furthermore, Jiangmen has developed 165 industrial parks, among which four are provincial level parks. These parks encompass an area of 550,000 mu with 140,000 mu having been already developed. A total of 2954 enterprises have settled in the parks bringing in investments projects valued at approximately RMB 34.4 billion.

 

High-tech Industrial Development Zone:
Located in Jianghai district, the High-tech Industrial Development Zone is home to more than 500 industrial projects with a total value surpassing RMB 31.2 billion. The zone is expected to have an industrial value of more than RMB 100 billion by the end of 2015. The main industries are electronic information, biochemical, and pharmaceutical manufacturing and optical electromechanical machinery.

 

Xinhui Economic Development Zone:
Located in Xinhui District, the Xinhui Economic Development Zone is home to more than 360 foreign-funded enterprises and domestic private industry and commerce enterprises. Xinhui is one of the biggest development zones in Guangdong province. Seven new industries, including power equipment, optical instruments, information, fine chemicals, textiles and clothing, steel smelting, and hardware and stainless steel, have been developed within the zone. Production in the zone has been increasing at an annual rate of more than 25% in recent years.


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