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Strategic Emerging Industries in Wuhu Got Fiscal Support from the Central Government

Pub Date: 15-11-19 08:40 Source: www.wuhu.gov.cn

In 2015, the Central Government earmarked 54.6 million yuan RMB to develop pilot national strategic emerging industries of new-type display and robot in Wuhu. In addition, based on the investment proportion of 1:1:2, the provincial government of Anhui gave Wuhu a fund of 54.6 million yuan in accordance with that of the central government and the local government of Wuhu invested 109.2 million yuan, a sum of the higher levels’ input.

 

There are two national-level pilot projects of developing strategic emerging industries in Anhui, namely, Hefei-Wuhu-Bengbu new-type display and Wuhu-Ma’anshan-Hefei robot.

 

In 2013, the Central Government allocated 300 million yuan RMB for start-up funds and in 2015 an additional fund of 130 million yuan RMB was given for the two pilot projects. As for the 130 million yuan, Hefei, the capital of Anhui province, accounted for 43% of the total funds, namely 55.9 million yuan RMB; Wuhu took up 42%, namely 54.6 million yuan RMB; Bengbu city was given 10%, namely, 13 million yuan RMB and the remaining 5% went to Ma’anshan city, that is, 6.5 million yuan RMB.

Editor: Will

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