Qingzhen's 1st processing trade business begins

Guizhou Nanfan Semiconductor Technology Co in Qingzhen city, Guiyang, Southwest China's Guizhou province, became the first company in Qingzhen to receive its manual for processing trade, which is part of efforts to boost regional connectivity and practical economic and trade exchange.

The company is a foreign-funded firm developing and manufacturing healthy light source products and camera chips and has established a full-fledged quality management system.

The company's site selection, safe production and talent demand have all been prioritized by the Qingzhen government. It only took the firm four months to begin operating. Last year, it reported 52 million yuan ($7.62 million) in sales revenue.

After learning about the company's processing trade demand in July 2021, the Guiyang and Guizhou governments recommended financial institutions for the company to help resolve its financing problems. Qingzhen has allocated 2 million yuan in advance to assist the firm.

Moving forward, Qingzhen will continue to improve its working mechanism and bring in and cultivate more processing trade operators.