Overseas Chinese people from countries including Germany, the United States, and France gathered in the Wuhan Economic and Technological Development Zone (WHDZ) for a conference on next generation automotive and information technology that opened Nov 21, according to WHDZ’s WeChat account.
The conference was part of the 2019 Conference on Overseas Chinese Pioneering and Developing in China.
The conference, which was aimed at discussing development trends for next generation auto and information technology (IT), as well as introducing more international projects to WHDZ, included the unveiling of industry and talent policies, as well as project roadshows.
In recent years, with the tremendous changes taking place in the global automotive industry, WHDZ has proposed starting a second phase of its entrepreneurial journey and promoting the transformation and upgrading of the auto sector.
Officials said this comes as the next generation of information technology – represented by the internet, big data and artificial intelligence – changes all aspects of our daily lives.
Officials said WHDZ is focusing on key enterprises, key technologies and professionals.
It is rolling out preferential policies, providing quality services and creating a better business environment to promote international scientific and technological cooperation and exchanges.
The zone is actively introducing recruitment of international talent and establishing itself as a new highland for the next generation of the automotive industry.
According to WHDZ officials, the zone constantly upgrades its industry, talents and innovation policies, providing up to 5 million yuan ($710,914) in funds, equity investments and free apartments for top talents and industry leaders. For particularly important projects, there is no upper limit to the amount of funding.
More than 80 percent of WHDZ-based companies are qualified to enjoy preferential policies.
National key universities and research institutes will be given up to 100 million yuan per year for construction of industrial and research institutes and innovation centers.
