Fund to aid PRD firms restructure
By Zhan Lisheng | China Daily | Updated: 2008-03-05 07:26
GUANGZHOU: Overseas-funded firms in Guangzhou, Shenzhen, Foshan and Dongguan in Guangdong province have to undergo restructuring to raise their level of efficiency.
The Dongguan city government will offer 1 billion yuan ($140 million) annually to Taiwan-funded firms from this year to encourage their scientific and technological development, a city information office statement said yesterday.
The move is aimed at helping labor-intensive Taiwan-funded firms undergo technological and industrial revamp to enable them to meet the demands of the recent State policy changes, Dongguan Vice-Mayor Jiang Ling said.
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