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  • Home > News > Details
    Private economy thrives in Zhanjiang
    2017-04-10

    Key enterprises of the city achieving more than 1billion yuan in yearly output value are also increasing, with nearly half of them belonging to the private sector. Zhanjiang Chenming Pulp Paper has become a 15 billion yuan-a-year company, and is one of the stand-outs in the private sector.

    Industrial diversity has been strengthened alongside with greater impetus given to the cultivation of local giants.

    Traditional competitive industries including marine products, and feathers and down, saw rapid growth in production scale through a series of innovation upgrades.

    According to industry insiders, Zhanjiang's small household appliances industry enjoys local advantages and has nurtured several outstanding figures in recent years due to automation improvements and intellectual production-aimed transformation.

    In addition, plenty of opportunities were provided by the government for local private enterprises to cooperate with countries and regions along the Belt and Road Initiative and to invest in ASEAN. Enterprises taking part in the Canton Fair, International Aquatic Products Exposition and other international or national events in Guangdong will get certain allowances.

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