Tag Archives: industrial internet

District offers 100m yuan ‘Industrial internet’ subsidies

Shenzhen’s Bao’an district is offering subsidies of up to 100 million yuan for “manufacturing innovation centers” to be established there. The district, which centers on the international airport but is a large-scale logistics and commerce hub in the making, has just released a plan aimed at transforming traditional manufacturing industries through the IoT model, which in China is known as the “industrial internet”.

A set of detailed criteria for the subsidies has been formulated. Any enterprise formally identified as being engaged in industrial internet development, by authorities at the municipal, provincial, or national level, qualifies for financial support if they set up in Bao’an. The district will add up to 50% of funding provided by these higher-level authorities, capped at 50% of the enterprise’s total required investment. Depending on the size of the project, these can be 100 million yuan, 50 million yuan, or 30 million yuan.

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GBA Briefs: 17/6/2019

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Spanish Fly: British telecom giant Vodafone has launched the first 5G commercial mobile network in 15 Spanish cities, with Huawei supplying its core equipment. Read more. 

Digital Cities: Tencent released the latest Digital China Index Report of 351 Chinese cities. Four Guangdong cities, namely Shenzhen (2), Guangzhou (4), Dongguan (7) and Foshan (14) were ranked among the top 20 digitalized cities in industries, culture, daily life and government administration. Read more. 

Huizhou Energizes: Huizhou is to speed up the building of its Nim Ping Island project as well as a major scientific lab as the base of Huizhou’s energy science and technology innovation drive. Read more. 

Jiangmen Toots: Jiangmen exported RMB2.36 billion worth of motorbikes during the first five months, up 15% YoY. Read more. 

Hengqin Link: A new tunnel connecting Zhuhai’s Nanwan district with the Hengqin new district is slated to open by 2022. Read more. 

Shenzhen Saves: Shenzhen Customs signed a total of 56,000 Certificates of Origin for electronic products in the first five months, which helped companies save RMB970 million in tariffs. Read more. 

Good Read: Shenzhen-based mobile phone maker Transsion has partnered with Shanghai-based China Literature to load its reading app onto all of Transsion’s mobile devices sold in Africa. The 30,000 literary works planned for initial distribution will be in English and come from China Literature’s existing collection. Read more.