Daren Industrial Park awarded for private enterprise service

Daren Industrial Park in Hechi, Guangxi Zhuang autonomous region. [Photo/Hechi Daily]

Daren Industrial Park of Hechi has been awarded and included in the first batch of private economic demonstration parks in Guangxi as it took a number of measures to optimize its business environment in recent years.

Industrial parks on the list are all units that ranked in the forefront of a number of private sector economic development indicators in the field in 2019. In addition, these parks should explore their own path suitable for the development of the local private sector economy and form distinctive innovative models by making overall use of the supporting preferential policies issued by the central government and autonomous region.

Daren Industrial Park has continued to improve its business environment by optimizing the park's 13 project approval items, conducting one-stop processing and implementing full-process agency services. The time for project approval has been shortened and project construction has been accelerated.

It has provided precise services to enterprises. It has also promoted the development and growth of private enterprises by striving for policy support, implementing tax and fee reduction policies, as well as solving corporate financing problems. From January to July of this year, the park achieved an output value of 1.08 billion yuan ($158.02 million), with a year-on-year increase of 101 percent, of which the private sector economy accounted for 93 percent.

This year, three new companies have been completed and put into production, with the annual output value expected to reach 4 billion yuan, a year-on-year increase of 350 percent.