PR97576

DONGGUAN, China, Aug. 29, 2022 /Xinhua=KYODO JBN/--

Already a significant force for sustaining Dongguan's economic growth,

entrepreneurs of the southern Chinese city come to the 2022 World Dongguan

Entrepreneurs Convention held on August 28-29. Besides the main venue in

Dongguan, parallel sessions are also hosted in San Francisco, Hawaii, Germany,

Australia, Canada, and Malaysia. Such a move helps attract greater investment

from the global business community, including overseas Dongguan entrepreneurs.

"The main venue is physically joined by world-renowned companies,

representatives of Dongguan entrepreneurs, and well-known experts and scholars,

while parallel sessions are seeing the virtual participation of overseas

Dongguan entrepreneurs. Over 1,000 figures attend the event, in person or via a

video link," said Liang Shaoguang, the deputy secretary general of the People's

Government of Dongguan Municipality, the Convention's organizer.

Outstanding Dongguan entrepreneurs were honored for their devotion to sci-tech

innovation and advanced manufacturing in such representative, influential

high-tech industries as biomedicine, intelligent manufacturing, advanced

equipment, and semiconductor materials, according to Liu Jiale, the

Convention's deputy secretary general.

Dongguan entrepreneurs as a whole, together with the private economy, are at

the fulcrum of the city preserving its reputation as a manufacturing center,

the World Dongguan Entrepreneurs Federation's president Ouyang Zhong noted. For

over four decades of reform and opening-up, Dongguan has grown into China's hub

for advanced manufacturing. Its major industrial firms outnumber those of other

prefecture-level cities, and it is home to the country's second-largest cluster

of high-tech companies. These successes couldn't have been made possible

without a strong private economy. Statistics show that in 2021, the private

sector accounted for 62% of the output of the city's major industrial companies

and 70% of their profits and taxation, while driving 62% of new job creation

and making up 94% of market entities.

According to the Organizing Committee of the Convention, what merits attention

is that the event also sees the convening of an economic summit and a forum on

growing the semiconductor industry. Scholarly discussions at the forum are

about ways to drive the next wave of globalization, Dongguan's role in the

Guangdong-Hong Kong-Macao Greater Bay Area, key technologies of the

third-generation semiconductors and their future development, and how the

city's semiconductor businesses break through and pursue innovation in the

post-COVID-19 era, among others. Such an exchange of views can essentially be a

source of inspiration for Dongguan's private companies as they are eager to

seize new opportunities for technological breakthroughs, corporate

transformation, and an even greater contribution to the city's blueprint for

sci-tech innovation and advanced manufacturing.

The Convention intends to convey two clear messages. First, Dongguan promises

to stay committed to entrepreneurship, higher levels of literacy among workers

in the private economy, and a community of energetic market players. Second,

beyond maintaining an exemplary business climate nationwide, the city will go

further in drawing talent and overseas investment for high-quality development.

Source: The Organizing Committee of the 2022 World Dongguan Entrepreneurs

Convention