Home>Investment>Biz Updates

Changchun auto zone aims high as work conference held

Updated: February 10, 2023
  L M S

640 (3)_副本.jpg

Proceedings begin at a conference in the Changchun Automobile Economic and Technological Development Zone on Feb 6. [Photo/WeChat account of Qikai Fabu]

The Changchun Automobile Economic and Technological Development Zone – located in Changchun, capital of Northeast China's Jilin province – hosted a conference on Feb 6 that set out its vision for optimizing its business environment and its auto industry cluster, according to local media reports.

Incentives and policies were released at the event to help businesses. These were aimed at promoting investment, technological innovation and development, as well as the city's industrial transformation and upgrading, and improving recruitment and training.

1644893943978001482.jpg

A wide view of Changchun International Automobile City. [Photo/Jilin Daily]

To encourage businesses to develop in terms of upgrading, technological innovation and brand building, the conference awarded the Contribution Award for Steady Growth to 20 enterprises, including the Machinery Industry Ninth Design Institute Co. Moreover, some 80 million yuan ($11.76 million) in policy incentive funds were handed out.

Three framework agreements were signed – focusing on cooperation between the municipal government and banks, between the banks and enterprises and cooperation between the government and schools. More than 20 enterprises, financial institutions and universities in the area participated, among others.

The Changchun International Automobile City, located in the development zone, is reportedly supporting homegrown firm China FAW Group's expansion program. It plans to fully back the company's efforts to achieve production and sales of more than 6 million vehicles in 2025, with an output value of more than 1 trillion yuan.

Efforts will also be made to optimize the business environment and promote reforms in key areas such as recruitment and human resources, technological innovation, government investment and financing, as well as online State-owned enterprise platforms.