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EXCLUSIVE PRESS

Wuxiang New District, Nanning: Cultivating a Favorable Business Environment to Empower High-Quality Enterprise Development

NANNING, China, Dec 26 (Bernama) -- As the core carrying zone of the "Nanning Channel" for China-ASEAN exchanges and cooperation, Wuxiang New District of Nanning integrates the advantages of multiple national-level opening-up platforms, including the Nanning Area of China (Guangxi) Pilot Free Trade Zone, a national economic and technological development zone, and the core area of the financial opening-up gateway oriented toward ASEAN. Anchoring the main line of high-quality development, the new district has nurtured a fertile ground for business with precision-targeted policy support, stimulated market vitality through service innovation breakthroughs, and propelled enterprises in its jurisdiction to accelerate progress in key sectors, emerging as a robust engine for regional economic growth. In the electronic information sector, Nanning Chuxin Integrated Circuit Design Co., Ltd. focuses on the R&D and sales of liquid crystal display driver chips. Its independently developed products have achieved mainstream performance in the industry and are widely applied in various electronic display devices such as mobile phones and laptops. Bolstered by the government's precision support policies, the enterprise has not only successfully overcome development bottlenecks including high-end talent recruitment and financing difficulties, but also established a deeply collaborative industrial chain ecosystem with multiple wafer fabs and local enterprises, injecting crucial impetus into strengthening and complementing Guangxi's semiconductor industrial chain. Currently, the enterprise has accumulated 94 intellectual property rights, and its sales volume is projected to exceed 400 million yuan this year. [ read more ]

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