Source: Yiwu sourcing agent Author: Gary Date: 2008-02-28
The registered capital of the private enterprises in the city grew rapidly.In 2007,the registered capital totaled 32.5 billion yuan,up 15.7% from the previous year.
Last year,the municipal government released successively Some Opinions on Promoting Independent Innovation of Industrial Enterprises for Industry Advancement,Provisional Measures on Administration of Yiwu Technological Innovation projects,and a set of other preferential policaes including interest subsidy(award) linked with the technological innovation of enterprises and awards and subsidies for major scientific and technological projects.These policies greatly aroused the passion of enterprises for independent innovation with constantly added capital,leading to the hypernormal growth of registered capital of Yiwu enterprises last year.The large amounts of invested capital improved the competitiveness of individual and private enterprises in the city.The textile industry accelerated its steps of product upgrading and innovation in the process of structural adjustment.Some enterprises changed to produce top textile products like seamless underwar,some began to produce cloth for decoration and industries,and some others improved the production efficiency by technological innovation.
The enterprises' technological innovation and product upgrading promoted the industry's overall quality,steadily pushing forward the foreign trade volume.According to statistics,the export value of the whole city rose to 7.762 billion yuan, up 12.57% againse that of the previous year.
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