The 2021 Zhongshan Industrial Development (Technical Transformation) Project Funding Scheme was recently announced, and the projects of 243 enterprises, including Guangdong Homa Refrigerator, will be subsidized with a total amount of 294.88 million yuan.
Many enterprises will receive more than 5 million yuan for their major technical transformation projects: Guangdong Ellington Electronics Technology will receive 15.0331 million yuan, Guangdong Wright Electric Appliance will receive 12.8928 million yuan, and Nissin Brake Systems Zhongshan and Wistron InfoComm (Zhongshan) Corporation will each receive 10 million yuan.
In the first quarter of this year, Zhongshan companies' investment in industrial technical transformation increased by 127.7% year-on-year, with an average increase of 21.1% over the last two years.
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