Briefing
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Nanjing Facts
- • 9 million residential population
- • GDP:RMB1.635 trillion ($253.57 billion usd)
- • GDP per capita:approximately RMB170,450 ($25,739usd)
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GDP per capita
Nanjing's GDP per capita has continued to grow in the past five years and hit a new high of 23,064usd in 2020.
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Innovation Resources
• Nanjing is a southern Chinese educational hub that graduates 250,000 students each year.
• Nanjing has more than 60 institutions e.g Nanjing University,Southeast University, Nanjing University of Science and Technology
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Transportation Hub
• 1.5 hour-travel to Shanghai, Hangzhou
• 3.5-hour-travel to Beijing• Top 5 convienent highway transportation to Zhejiang, Anhui and other provinces
• 13 internatioinal direct flights to Milan, Frankfurt, Singapore, Tokyo, and Seoul
Business Landscape
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Business Environment
• Ranked 5th in the China City Business Index.
• A key city for the national intellectual property• Headquarter of domestic companies, like SUMEC Group and Suning Global Group
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Key Hi-Tech Industrial Clusters
• New generation Mobility
• Advanced Manufacturing
• Healthcare
• Software
• Cleantech
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Government Support
• Each company will be given a research and development award of no more than 200,000 yuan.
• Foreign R&D centers are exempted from customs duties, import value-added tax, and consumption tax on the import of supplies.
• Foreign companies that establish regional headquarters in Nanjing are eligible for a start-up subsidy of up to RMB 5 million (US$692,319).
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Entrepreneurship Hub
Nanjing has a strong entrepreneurship hub for foreigners. It ranks 2nd in Jiangsu for best ecosystem for startups
- • over 200 business incubators
- • over 500 Gazelle & Unicorn companies
- • over 3 100 Hi-Tech Enterprises
- • more than 35 IPO Listed Companies
- • more than 13 000 Gazelle & Unicorn Patents
- • more than 35 IPO Listed Companies
- • more than 13 000 Gazelle & Unicorn Patents
Innovation Environment
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R&D Activities
- • The Municipal Government will support foreign companies to set up R&D institutions, engineering centers, technology centers, and key laboratories.
- • They providing financial support according to their annual R&D investment and the size of specialized personnel.
- • 200 more new type institutes.
- • 19 National Key Laboratories.
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Foreign Entrepreneurial Support
Talent programs for example :
- • Win in Nanjing
- • Zijin Mountain Talent Program
- • "345" Overseas High-level Talents
- • 3 years free housing and office space
- • 5 years valid work-type residence permit
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Jiangsu Industrial Technology Research Institute
- • Jiangsu Industrial Technology Research Institute (JITRI) is a top application-oriented research organization and a high-tech investor in China,
- • Founded in 2013 by Jiangsu Province to promote industrial technology research and the commercialization of advanced scientific results.
- • JITRI has established 59+ specialized research institutes in the fields of advanced materials, energy & environment, manufacturing & equipment, biology & medicine, and ICT.
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Nanjing's No.1 Policy
- • Cultivation of High-tech Enterprises and Advanced Service Enterprises.
• Development of Innovation Consortiums and Laboratories.
• Development of major scientific and technological innovation platforms.
• Promoting Scientific & Tech Cooperation across the Yangtze River Delta.
- • Cultivation of High-tech Enterprises and Advanced Service Enterprises.
Investment Opportunities
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Investment Funds
- • The direct investment index reached high ranks, coming in second among all Jiangsu cities.
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Foreign Investment
• Nanjing has high concentration of hi-tech and manufacturing investment opportunities.
• Nanjing ranks number 3 as a preferred choice of investment in Jiangsu.
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Government Guided Investment
- • Nanjing is among mainland China’s most business-friendly cities.
- •The city’s Municipal Government released a document titled Opinions of Nanjing Municipal Government on Accelerating the Use of Foreign Capital
