According to the notice issued by the Dongguan Government on February 1, 2023, Duanguan will focus on technological innovation and advanced manufacturing, with 20 policies, 75 measures, and 1.5 billion RMB funding to cultivate industries and support enterprises.
Dongguan proposed to complete the land consolidation of 7 strategic emerging bases, including Dongguan new material industry base, Dongguan digital economy integrated development industry base, Eastern intelligent manufacturing industry base, and 4 other bases. The industrial bases’ annual investment in fixed assets is estimated to exceed 20 billion RMB, and the output value is 100 billion RMB.
n addition, the notice proposes that Dongduan will develop at least 25 manufacturing enterprises with revenue over 10 billion RMB and at least seven manufacturing industrial clusters with over 100 billion RMB output by the end of 2025. 36.5 percent of foreign investment will be in high-tech manufacturing. People employed in the manufacturing sector will be at least 50% of the total workforce. Dongguan will keep the proportion of investment in research and development in GDP terms at around 4% in these two years.
