Zhuhai sweetens the pot to hasten industrial investment

Projects in Zhuhai with more than 3 billion yuan ($469 million) invested in strategic emerging industries will be subsidized 20 percent of equipment costs, up to a maximum of 50 million yuan ($7.8 million), according to the city's most recent supportive policies.

Measures to Further Boost Industrial Investment Growth (for Trial Implementation) offer more generous incentives and wider coverage in 10 categories.

For example, if developers of a single project that has been included in annual industrial investment statistics can complete filing procedures that year and make actual investment of a certain amount, a one-time award from 200,000 yuan ($31,300) to 1 million yuan ($156,490) will be on offer.

In support of expansion and upgrade of industrial plants in the city, each sq m of construction area will be awarded 100 yuan ($15.60).

There is also enhancement in investment to promote corporate technical transformation, major industrial projects, construction of manufacturing innovation centers, and development of Intelligent Manufacturing (Industry 4.0) Pilot Demonstration Projects.

The measures also involve land use and quality industrial product promotion and call for a greater role for financial agencies in attracting investment.