The Greater Bay
Area’s fastest-growing economy is not Guangzhou or Shenzhen, but Dongguan,
which saw its GDP rise 7.2% in the first three quarters of this year – an
acceleration from 6.9% recorded in the first half.
Driving this growth
was the city’s staple of manufacturing – both in terms of output and input. In
the year to end-September, the added value of industrial enterprises above
designated size rose by 8.0%, while fixed-asset investment surged by 18.1%.
September seems to
have been a particularly strong month. Industrial production was up 15.9% over
August, which was a clear departure from a steadily slowing month-on-month
trend up to that point.
Continue reading Dongguan tops GBA growth charts
Got a good idea for how to make smart use of 5G? Shenzhen is the place for you, where you can apply for a special “5G loan” from the Bank of China.
Backed by Shenzhen High-tech Investment, a loan guarantee company, the bank is reportedly offering up to RMB10 million in credit to small and micro enterprises (SMEs). The money will not be free, of course. It will be offered at the discounted interest rate of 4.35%.
There is already a long list of companies that would qualify for the credit lines. On the upstream, they include mobile communication infrastructure, including network planning, base station construction, transmission network, bearer network and core network construction, etc., system base station provider, base station antenna provider, small micro base station, optical module, fiber optic cable. On the downstream would be: terminals and application scenarios, including automobiles, smart appliances, VR/AR, enhanced mobile broadband, industrial Internet, telemedicine.
As the article points out, most of these 5G upstream and downstream enterprises have “high demand for liquidity”. These “5G loans” will greatly alleviate their cashflow challenges.
Read more in Chinese.