Dongguan offers incentives to attract global investment

[Photo provided to chinadaily.com.cn]

The city recently held the 2023 Global Investment Conference with the theme "Dongguan links global investors with countless opportunities". Sub-conferences were concurrently held in Japan, South Korea, Singapore, Germany, and the United States.

Xiao Yafei, Party secretary of Dongguan, said that it was the strategic focus on investment attraction that propelled Dongguan's transformation from a traditional agricultural county into the 15th city nationwide to achieve the "Double Ten Thousand" goals—surpassing one trillion yuan in GDP and exceeding ten million in population.

[Photo provided to chinadaily.com.cn]

In today's Dongguan, there is an unprecedented emphasis on investment attraction, with a strong focus on six key industries: semiconductors and integrated circuits, new energy, digital economy, biopharmaceuticals, high-end equipment manufacturing, and modern high-end services. Dedicated funds and land resources are allocated to guarantee the success of these initiatives.

Dongguan is ramping up efforts to attract major enterprises, offering robust land and financial support. Additionally, it will support the development of small and medium-sized enterprises and actively attract foreign investment. For top-notch projects, companies, and talent, Dongguan is committed to delivering optimal service and support.

[Photo provided to chinadaily.com.cn]

During the conference, Lyu Chengxi, mayor of Dongguan, presented a keynote on Dongguan's investment opportunities. He highlighted the city's unprecedented 200 billion yuan ($28 billion) industrial fund as well as the largest contiguous scale of 10,000 mu (about 666.67 hectares) of land. This demonstrated the strong desire and utmost sincerity for excellent projects, strong enterprises, high-quality talents, and advanced technology.

Dongguan boasts supporting industries, talent clusters, premier medical and educational resources in Guangdong, an efficient government system, and an open, inclusive urban atmosphere. The city aspires to provide top-notch services for business growth, inviting global entrepreneurs to invest and collaboratively shape a promising future.

During the conference, 359 industrial projects were signed, with a total investment of 218 billion yuan, covering areas such as next-generation information technology, high-end equipment manufacturing, new energy, and the digital economy. This will inject new momentum into Dongguan's high-quality economic development.

Dongguan currently hosts 13,000 foreign-funded enterprises, and the city's cumulative contracted foreign investment is 105.46 billion yuan, with actual foreign investment utilization of 83.7 billion yuan.