Zhangqiao town in Taixing, Jiangsu province, is firmly committed to its strategy of developing through industry. It has established a comprehensive service system covering the entire lifecycle of businesses, aiming to nurture more enterprises above designated size — those with annual revenue of at least 20 million yuan ($2.81 million).
Among the key enterprises under cultivation, Lijia Games has launched innovative products like printers for children that can be connected to smartphones and expanded its export business in family gathering and children's educational toys, striving for a sales target of 50 million yuan.
Employees at Lijia Games are hard at work. [Photo/WeChat account: txfabu]
Meanwhile, Jiangsu Yinuo Polymer Materials Co Ltd has seen its business scope extend from the automotive industry to biomedicine and semiconductors after being selected as a key target company, with over 10 new clients and a 40 percent year-on-year sales increase.
Zhangqiao town is deepening its graded cultivation plan, establishing tiered accounts and a cultivation pool based on annual sales milestones of 5, 10, and 20 million yuan. The town also proactively matches enterprises with favorable policies, laying a solid foundation for continuous growth and breakthroughs.
In the fourth quarter, Zhangqiao will step up efforts to cultivate key enterprises, expecting to foster six companies with sales exceeding 50 million yuan and two with over 100 million yuan annually.