Connect with us

News

Xinhua Silk Road: E. China's Wuhu mulls over sci-tech innovation and digital development

gbafNews28

BEIJING, Jan. 16, 2022 /PRNewswire/ — Wuhu City of east China's Anhui Province has mulled efforts in boosting the science and technology innovation as well as digitalization to push industrial upgrading.

Wuhu has been the gateway of commerce since ancient times and bred a commercial culture as well as an adventurous spirit, said Ning Bo, mayor of the city.

Photo shows Ning Bo, mayor of Wuhu in east China's Anhui Province.

“Innovation is the critical driver of enterprise development. Wuhu has formed a distinct atmosphere of supporting innovation and respecting entrepreneurship,” said Ning.

Wuhu has formulated multiple policies to encourage individuals and enterprises to engage in sci-tech innovation. It has built ten innovation parks with an area of more than 3 million square meters suitable for young people to start businesses, and allocated 1 billion yuan of subsidies for independent innovation every year.

Wuhu has also implemented a three-year plan to double the number of high-tech enterprises, with multiple measures applied such as performance reward, project support, R&D subsidy and equity incentive to stimulate enterprises' innovation.

In 2021, Wuhu's research and development investment accounted for 3.34 percent of its GDP.

Photo shows the host venue of a cultural festival held in Wuhu, east China's Anhui Province. (Xinhua/Wang Fei)

At present, a total of 55 key R&D innovation centers have been constructed in Wuhu, taking up one fourth of the total in the province. 580 high-level sci-tech talent teams have been summoned up and 1,276 high-tech enterprises as well as 1,521 technology-based small and medium-sized enterprises (SMEs) have been set up in the city.

Photo shows the Chery Automobile's intelligent workshop.

Industrial Internet can empower industrial transformation and upgrading to promote intelligent manufacturing in digital era, added Ning.

Wuhu has issued guidelines to select 100 benchmark demonstration enterprises to promote the innovative development of industrial Internet, and established a comprehensive service platform to provide technological support for SMEs.

Meanwhile, industrial Internet and projects as well as enterprise services are well combined to promote the transformation and upgrading of the real economy with the average profit margin of enterprises increasing by one percent.

By 2023, more than 3,000 SMEs are expected to use cloud platforms to realize digital transformation.

Photo shows an aircraft production workshop of Wuhu Aviation Industrial Park. (Xinhua/Wang Fei)

In addition, Wuhu also plans to build small and medium-sized aviation power R&D base and intelligent manufacturing innovation base, and speed up the integrated development of aviation maintenance.

https://en.imsilkroad.com/p/325957.html

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/xinhua-silk-road-e-chinas-wuhu-mulls-over-sci-tech-innovation-and-digital-development-301461785.html

SOURCE Xinhua Silk Road

Advertisement
Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Recommended

Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved.