Shenzhen governments at municipal and district levels are providing full support to manufacturers, in particular those small and medium-sized enterprises (SMEs), a senior government official said at a press conference Tuesday.
Currently, most industrial enterprises have resumed operations and production. The electricity consumption in the industrial sector Monday rose to the pre-lockdown levels, said Yu Xiquan, head of the Shenzhen Municipal Industry and Information Technology Bureau.
To help companies ride out the pandemic, government agencies have launched a slew of measures to maintain reasonable financial liquidity, reduce manufacturers’ tax burden, support enterprises’ increase in size and efficiency, facilitate coordinated innovation of large companies and SMEs, lower the costs of factors of production and guarantee labor supplies.
“We will continue to improve the top-level design for manufacturing development by focusing on the development in network and telecommunication, intelligent robotics, high-end medical devices and other strategic emerging industries,” Yu said at the conference.
“Building on the achievement that the gross output value of industrial enterprises above the designated size of 20 million yuan (US$3.14 million) hit 4 trillion yuan last year, we are confident that the city can make more progress in high-quality manufacturing development and in building a global industrial hub,” he said.
Shenzhen Jimuyida Technology Co. is a Qianhai-based 3D digital application solution provider. Wei Jianming, COO of the company, said that the pandemic lockdown “has suspended our project delivery, expansion of operations, and face-to-face meeting with clients.”
“We expect that relevant government departments could help us better serve our clients,” said Wei.