The Guiyang Economic and Technological Development Zone (GETDZ) -- in Guiyang, capital city of Southwest China's Guizhou province -- is making plans to develop its digital economy, according to an official document recently released by the GETDZ authorities.
Officials said the document covers a group of measures on constructing digital infrastructure projects, cultivating new pillar industries, setting up special industrial parks and more.
According to the document, enterprises or institutions investing in emerging digital infrastructure projects with over 5 million yuan ($717,615) in fixed asset investment will receive one-off grants worth 2 percent of the actual fixed asset investment.
Officials said the zone will promote emerging industries such as the internet of things, 5G technology, big data and cloud computing. It will bring in more sensor producers; encourage product research and development, as well as the application of internet of things (IoT) platforms.
Officials said the 5G products will be promoted and applied to intelligent industrial parks, campuses and in other fields.
They said companies in the zone will be incentivized to rent cloud space in the big data security industry demonstration area and to build new platforms such as online offices, online conferences, online health care and online education. Policy support will also be given to projects.
The GETDZ also plans to boost the digital economy through developing industrial parks or platforms covering 5G technology, the industrial internet, artificial intelligence (AI), digital medicine and big data electronic components.
A one-off subsidy worth 30 percent of the actual investment will be granted to the investor.
Officials said such incentives will foster key industries and support various applications and the smart community, with the help of 5G, the industrial internet, AI, the IoT, big data and block chain technologies.
They said another one-off measure involves a 30 percent subsidy of a company's actual investment in product technology, services and R&D.
Officials said the construction of three systems -- involving the network, platform and security of the zone's industrial internet -- will be sped up to further digitalize its manufacturing sector.
As well, an industrial internet platform covering massive data collection, aggregation, analysis and services will also be set up.
For those digital transformation projects implemented by industrial enterprises under its jurisdiction, once they are recognized and filed according to procedure, a one-time subsidy totaling 30 percent of the actual investment will be given.
Officials said that in addition, the zone is creating a new ecosystem for software R&D services, medical and health care and the big data security industries.
Subsidies will be offered to a group of leading enterprises in industrial software, AI chips, homegrown databases and cyber security software and hardware companies.
Meanwhile, a maximum reward of 200,000 yuan will be offered to the introducers -- and to the employers -- of innovative and entrepreneurial individuals and teams, that have been identified by national or provincial talent programs.
Or it will go to the introducers or employers or top global talent, leading national professionals, or high-profile and talented people in urgent demand.