Tag Archives: biomedicine

Biomeds, appliances keep Zhuhai growing

Zhuhai’s economy kept growing in August, despite a slowdown in its traditional industries, as the twin pillars of biomedicine and home appliances continued their recent surge.

From January to August, according to official data, industrial production (above designated size) was up 4% to RMB 71.713 billion, flat over the Jan-Jul period. The biomedical industry and the household electrical appliance industry maintained double-digit growth, at 18.3% and 16.0%, respectively. City leaders are likely thankful: the petrochemical industry and the power and energy industry, by contrast, barely grew, by 2.6% and 1.5%, respectively. A bright spot was high-tech enterprises, which rose 5.8%.

Fixed-asset investment is proving anemic. In January to August, at RMB120.474 billion, it was up just 2.2%, probably because the Hengqin Railway Line is nearing completion and there are few other major infrastructure projects with shovels in the ground. Industrial investment, however, shone: at RMB 17.653 billion, it was up 18.0%, a jump of 12 percentage points. 

Retail sales held up, though they weren’t stellar, at RMB 81.737 billion, up 5.7%. Sales related to tourism rose fastest, with accommodation up 7.7% and catering up 10.7%.

Guangzhou goes after HK, Macau youth

The provincial capital is raising the bar for other Greater Bay Area cities, rolling out incentives for Hong Kong and Macau youth to live and work in Guangzhou. These include a RMB1 billion seeding fund, apartments, and other subsidies under a new program that will launch this weekend.

The key focus of the plan is to “encourage innovation and entrepreneurship”. The city government will build 10 innovation and entrepreneurship bases over the next three years, supported by more than 1,000 apartments, all underpinned by a RMB1 billion investment fund. Young talents from the two SARs can enjoy free company registrations, discounted office rents and a bunch of other support services at these venues.

Cold hard cash will be up for grabs, too. Subsidies for individuals of up to RMB200,000 per year will be available; for partnerships it will rise to RMB300,000 per person; and for enterprises it can rise as high as RMB3 million per company. Moreover, loans of up to RMB5 million per project will be offered.

That is not all. Talented youth who don’t feel terribly entrepreneurial just yet but would like a career to start, worry no more: Guangzhou will provide around 2,000 internship opportunities in the fields of information technology, artificial intelligence, biomedicine, autonomous vehicles, finance and government-related institutions.

Did we hear you say tax exemptions? Of course, those will be on offer, too. Details to come.

Read more (in Chinese).

Neural research lab inaugurated

The Shenzhen Neher Neural Plasticity Laboratory, led by German biophysicist Erwin Neher, who won the Nobel Prize in physiology and medicine in 1991, was inaugurated at Shenzhen Institute of Advanced Technologies under the Chinese Academy of Sciences on Saturday.
 
The lab, Neher’s first research lab in China, is one of Shenzhen’s key projects in developing research on neural science while engaging in researches on biomedicine development and the health industry.
 
At present, the lab has a team of 30 full-time researchers, including five senior researchers. The number will increase to 50 before the end of the year.

Read more here.