High-tech, in­ter­net-based in­dus­tries ac­cel­er­ate new growth

China Daily (Hong Kong) - - ADVERTORIAL - LI YOU

C hina’s Jiangxi prov­ince has em­braced a new stage of eco­nomic devel­op­ment thanks to its re­ju­ve­nat­ing in­dus­trial and struc­tural up­grade and the in­tro­duc­tion of in­no­va­tive tech­nol­ogy.

The city of Xinyu, lo­cated in cen­tral Jiangxi, ex­em­pli­fies the progress achieved amid this trans­for­ma­tion.

En­ter­prises above the des­ig­nated scale — a stip­u­lated level for in­clu­sion in govern­ment met­rics — in the city saw their sales rev­enue in­crease 19.4 per­cent yearon-year.

Ji a n g x i Y i b o E l e c t r o n i c Te c h n o l o g y i s a h i g h - t e c h com­pany pro­duc­ing toner car­tridges. Fo­cus­ing on the over­seas marke t, its di­rec t com­peti­tors are HP, Canon and other in­ter­na­tional gi­ants.

In some coun­tries print­ers are free but the toner car - tridges are sold at high prices, which be­come the ma­jor in­come of their pro­duc­ers.

Some of the large com­pa­nies sell both the print­ers and the accessories. There­fore, in­tel­li­gent patents be­come a pow­er­ful tool for them to chal­lenge their com­peti­tors.

“At first, we were trapped by some ob­sta­cles. We took mea­sures to c ut costs and im­prove our prod­uct qual­ity, hop­ing to squeeze into the mar­ket.

“How­ever, the own­er­ship of the core tech­nol­ogy is the real bar­rier to en­try for this mar­ket,” said Gu Wei­dong, gen­eral man­ager of Jiangxi Yibo.

The com­pany de­cided to in­crease its re­search and devel­op­ment ef­forts to tackle the tech­ni­cal bar­ri­ers set by those in­ter­na­tional gi­ants.

Jiangxi Yibo in­vested more than 30 per­cent of its sales rev­enue in R&D.

The l ocal govern­ment helped it to ap­ply for 10 mil­lion yuan ($1.49 mil­lion) in loans to fa­cil­i­tate its devel­op­ment.

Up to now, the com­pany has ap­plied for 415 patents and has been granted 313. Lev­er­ag­ing on its ex­panded re­search ca­pac­ity, the com­pany has grasped about 10 per­cent of the global mar­ket, ac­cord­ing to Gu.

Start­ing from scratch, Jiangxi Yibo’s growth process re­flects the over­all in­dus­trial devel­op­ment story in Xinyu.

The city had re­garded the steel in­dus­try as its back­bone for a long time. But this over re­liance is now curb­ing the new growth of its econ­omy.

To ac­cel­er­ate the pace of in­dus­trial re­struc­tur­ing and re­lieve down­ward pres­sure o n t h e e c o n o m y, t h e c i t y cul­ti­vated in­no­va­tive in­dus­tries, such as pho­to­elec­tric in­for­ma­tion, new ma­te­ri­als, lithium and equip­ment man­u­fac­tur­ing.

This year, the city’s in­dus- trial econ­omy con­tin­ued to re­cover. The role of in­no­va­tive in­dus­tries as a solid sup­port to new growth in econ­omy has strength­ened.

The first half of 2017 saw Jiangxi con­tinue to deepen the re­form of its com­mer­cial sys­tem.

Based on the re­quire­ments of strength­en­ing su­per­vi­sion, op­ti­miz­ing mar­ket reg­u­la­tion and im­prov­ing the mar­ket en­vi­ron­ment, Jiangxi’s econ­omy is ex­pe­ri­enc­ing har­mony and sta­bil­ity, ac­cord­ing to Jiangxi of­fi­cials.

“T he first half of 2017 marked fast growth in new in­dus­tries. The mod­ern ser­vice in­dus­try based on In­ter­net Plus tech­nolo­gies showed great po­ten­tial for growth,” said a govern­ment of­fi­cial from the Jiangxi Ad­min­is­tra­tion for In­dus­try and Com­merce.

The role of high-tech in­dus­tries in sup­port­ing the rapid growth of the man­u­fac­tur­ing in­dus­try is an­other high­light. The num­ber of newly reg­is­tered mar­ket bod­ies be­long­ing to the high-tech man­u­fac­tur­ing in­dus­try grew by 55 per­cent com­pared with last year.

From Jan­uary to June this year, the added value of the prov­ince’s strate­gic in­dus­tries hit 58.55 bil­lion yuan; the added value of high-tech in­dus­tries reached 119.52 bil­lion yuan, an in­crease of 11 per­cent year-onyear.

Last year, in­di­vid­u­als and or­ga­ni­za­tions in Jiangxi filed 61,000 patent ap­pli­ca­tions, an in­crease of 65.9 per­cent from the year be­fore.

The growth rate topped other prov­inces and re­gions na­tion­wide.

More than half of Jiangx­ibased patent ap­pli­ca­tions have been filed through agen­cies. Ev­ery year, more than 400 peo­ple in the prov­ince ap­ply to take the na­tional patent agent ex­am­i­na­tion.

PHOTOS PRO­VIDED TO CHINA DAILY

Clock­wise from top: A night view of Nan­chang, Jiangxi prov­ince. A worker makes lamps by us­ing sil­i­con sub­strate-based LED tech­nol­ogy in a pro­duc­tion line of Lat­ticePower in Jiangxi prov­ince. The China Pav­il­ion at­tracts many vis­i­tors from home and abroad. A cel­e­bra­tion of tra­di­tional Lan­tern Fes­ti­val in Ningdu in Jiangxi. Ce­ramic artists per­form mu­sic at a park in Nan­chang. Jiang Fengyi, a pro­fes­sor of semi­con­duc­tor re­search at Nan­chang Univer­sity, looks at sil­i­con sub­strate.

Xinyu city in cen­tral Jiangxi fo­cuses on green devel­op­ment amid eco­nomic trans­for­ma­tion.

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