Zengcheng pins hopes on incubation park

The State-level Zengcheng Economic and Technological Development Zone in Guangzhou, Guangdong province, is pinning high hopes on a new incubation park, expecting it to become a model zone for industrial and technical innovation and a new base for Sino-foreign cooperation.

A part of the zone, the park called the Dream Incubator of Overseas Chinese is being officially inaugurated on Tuesday.

Local authorities plan to build it into a destination for a growing number of talented people from around the world to settle and start businesses, especially overseas Chinese and those who have studied abroad.

Liu Zonghui, deputy director of the zone's administrative committee, said the DIOC would also play an important role in the nation's Belt and Road Initiative by helping link China to the rest of the world and facilitating technological innovation and international cooperation.

The park especially expects to attract businesses to invest in local finance, service, new materials, biomedicines, electronics and telecommunications and other high-end industries.

"Established under the approval of the Overseas Chinese Afairs Ofice of the State Council, the DIOC is a Statelevel innovative industrial base for overseas Chinese entrepreneurs and a base gathering top-notch foreign professionals and Chinese who were schooled overseas," Liu said.

"Easily accessible at the DIOC are one-stop services for project matching, agreement signing, business registration, training, human resources support, marketing and financing to help overseas Chinese entrepreneurs start businesses easily," he said.

Liu said the local government has introduced a series of preferential policies in the framework of an Overseas Talent Plan to help attract overseas businesses and professionals.

The plan involves incentives in financing and taxation, education for employee's children, medical care, housing and employment.

In addition, the city government of Guangzhou has established a special fund totaling 1 billion yuan ($154.3 million) to support technological innovation at the incubator.

It takes only 15 minutes to drive from the DIOC to Huangpu Port - one of the largest ports in China - and about 40 minutes to reach the international airports in Guangzhou and Shenzhen. Guangzhou Baiyun and Shenzhen Baoan international airports are two major aviation hubs in South China.

The Zengcheng Economic and Technological Development Zone in the eastern part of Guangzhou lies in a "golden corridor" that links Guangzhou, Dongguan, Shenzhen and the Hong Kong Special Administrative Region.

The zone has grown into a base for advanced manufacturing and high-tech industries and a major engine for economic growth in Guangzhou, with an excellent ecological environment and good air quality year round.

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(China Daily 12/22/2015 page7)