Jiangmen has fastest-growing sector

Shenzhen may get all the headlines, but it is Jiangmen that boasts the fastest-growing tech sector, according to provincial data. At least, that is when it comes to numbers of startups: no fewer than 601 new hi-tech enterprises were registered in Jiangmen last year.

It is a drop in the bucket: Guangdong has 11,431 hi-tech enterprises. Still, 1,240 of those now hail from Jiangmen. It is not only an honor to make the list; there is money in it, too. Hi-tech enterprises officially acknowledged by the government enjoy preferential income tax policies that kicked in at the start of last year and will run until the end of next year, so the gate is maintained tightly.

The city government has been actively encouraging growth in the sector. Most of these are small and medium-sized enterprises and the government has set up incubators to help them, with subsidies for R&D.

Read more in Chinese.