CHONGQING'S WESTERN SCIENCE CITY UNVEILS POLICIES TO SPUR GROWTH

KUALA LUMPUR, March 8 (Bernama) -- Western (Chongqing) Science City has released ‘Golden Phoenix’ policies - a slew of new measures focusing on talents, innovation, industry and finance - in an effort to spur growth.

This is according to a news conference held in Chongqing Hi-Tech Industrial Development Zone recently.  

According to a statement, the new policies aimed at developing the City into a major science hub that has impact on technological innovation at national and provincial level.

This is by actively pooling resources targeted to reignite drivers of growth, enhance the performance of hi-tech industries, and streamline government services in human resources, technological innovation and financial support.

Among these measures, 10 related to human resources encouraged companies to make efforts attracting high-skilled workers to the City and contribute to the development of four leading sectors, namely information technology, advanced manufacturing, healthcare and hi-tech service.

Ten measures related to innovation put greater emphasis on ramping up spending on research and development, supporting market entities, building science facilities, and promoting application of technological achievements.

In addition, 10 policies concerning industry set to support the development of industrial chains in the areas of the four prioritised sectors, encourage industries to grow in collaboration with each other.

The zone has pledged to fully implement these policy measures and ensure firms and individuals' access to these policy support, providing a solid foundation to accelerate the Western Science City's shift to a leading science and innovation hub in the nation.

-- BERNAMA