A louder voice to the private economy: The 2022 World Dongguan Entrepreneurs Convention opens
DONGGUAN,China,Aug. 29,2022 -- Already a significant force for sustaining Dongguan's economic growth,entrepreneurs of the southern Chinese city come to the 2022 World Dongguan Entrepreneurs Convention held on August 28-29. Besides the main venue in Dongguan,parallel sessions are also hosted in San Francisco,Hawaii,Germany,Australia,Canada,and Malaysia. Such a move helps attract greater investment from the global business community,including overseas Dongguan entrepreneurs.
"The main venue is physically joined by world-renowned companies,representatives of Dongguan entrepreneurs,and well-known experts and scholars,while parallel sessions are seeing the virtual participation of overseas Dongguan entrepreneurs. Over 1,000 figures attend the event,in person or via a video link," said Liang Shaoguang,the deputy secretary general of the People's Government of Dongguan Municipality,the Convention's organizer.
Outstanding Dongguan entrepreneurs were honored for their devotion to sci-tech innovation and advanced manufacturing in such representative,influential high-tech industries as biomedicine,intelligent manufacturing,advanced equipment,and semiconductor materials,according to Liu Jiale,the Convention's deputy secretary general.
Dongguan entrepreneurs as a whole,together with the private economy,are at the fulcrum of the city preserving its reputation as a manufacturing center,the World Dongguan Entrepreneurs Federation's president Ouyang Zhong noted. For over four decades of reform and opening-up,Dongguan has grown into China's hub for advanced manufacturing. Its major industrial firms outnumber those of other prefecture-level cities,and it is home to the country's second-largest cluster of high-tech companies. These successes couldn't have been made possible without a strong private economy. Statistics show that in 2021,the private sector accounted for 62% of the output of the city's major industrial companies and 70% of their profits and taxation,while driving 62% of new job creation and making up 94% of market entities.
According to the Organizing Committee of the Convention,what merits attention is that the event also sees the convening of an economic summit and a forum on growing the semiconductor industry. Scholarly discussions at the forum are about ways to drive the next wave of globalization,Dongguan's role in the Guangdong-Hong Kong-Macao Greater Bay Area,key technologies of the third-generation semiconductors and their future development,and how the city's semiconductor businesses break through and pursue innovation in the post-COVID-19 era,among others. Such an exchange of views can essentially be a source of inspiration for Dongguan's private companies as they are eager to seize new opportunities for technological breakthroughs,corporate transformation,and an even greater contribution to the city's blueprint for sci-tech innovation and advanced manufacturing.
The Convention intends to convey two clear messages. First,Dongguan promises to stay committed to entrepreneurship,higher levels of literacy among workers in the private economy,and a community of energetic market players. Second,beyond maintaining an exemplary business climate nationwide,the city will go further in drawing talent and overseas investment for high-quality development.
