Foshan funds 30 billion yuan in manufacturing upgrading

Guangdong (Foshan) Manufacturing Upgrading Fund Founding Ceremony & Major Taxpayer Licensing Ceremony were held on September 15.

To give more momentum to the digital and intelligent transformation of manufacturing, Foshan Government in this July rolled out a series of supporting measures, one of which is the establishment of fund with a total scale of 30 billion yuan. It is the first fund with over 10 billion yuan established by the local government.As the manufacturing in Foshan is in the midst of digitalization and intelligentization, the setting of the fund is expected to empower local enterprises and attract more premium enterprises from all over the world to land in Foshan through providing them financial support. In the future, the local government will keep offering services to all the local entrepreneurs, so as to make greater contributions to the growth in Guangdong.