Already a significant force for sustaining Dongguan's economic growth, 
entrepreneurs of the southern Chinese city come to the 2022 World Dongguan 
Entrepreneurs Convention held on August 28-29. Besides the main venue in 
Dongguan, parallel sessions are also hosted in San Francisco, Hawaii, Germany, 
Australia, Canada, and Malaysia. Such a move helps attract greater investment 
from the global business community, including overseas Dongguan entrepreneurs.

"The main venue is physically joined by world-renowned companies, 
representatives of Dongguan entrepreneurs, and well-known experts and scholars, 
while parallel sessions are seeing the virtual participation of overseas 
Dongguan entrepreneurs. Over 1,000 figures attend the event, in person or via a 
video link," said Liang Shaoguang, the deputy secretary general of the People's 
Government of Dongguan Municipality, the Convention's organizer.

Outstanding Dongguan entrepreneurs were honored for their devotion to sci-tech 
innovation and advanced manufacturing in such representative, influential 
high-tech industries as biomedicine, intelligent manufacturing, advanced 
equipment, and semiconductor materials, according to Liu Jiale, the 
Convention's deputy secretary general.

Dongguan entrepreneurs as a whole, together with the private economy, are at 
the fulcrum of the city preserving its reputation as a manufacturing center, 
the World Dongguan Entrepreneurs Federation's president Ouyang Zhong noted. For 
over four decades of reform and opening-up, Dongguan has grown into China's hub 
for advanced manufacturing. Its major industrial firms outnumber those of other 
prefecture-level cities, and it is home to the country's second-largest cluster 
of high-tech companies. These successes couldn't have been made possible 
without a strong private economy. Statistics show that in 2021, the private 
sector accounted for 62% of the output of the city's major industrial companies 
and 70% of their profits and taxation, while driving 62% of new job creation 
and making up 94% of market entities.

According to the Organizing Committee of the Convention, what merits attention 
is that the event also sees the convening of an economic summit and a forum on 
growing the semiconductor industry. Scholarly discussions at the forum are 
about ways to drive the next wave of globalization, Dongguan's role in the 
Guangdong-Hong Kong-Macao Greater Bay Area, key technologies of the 
third-generation semiconductors and their future development, and how the 
city's semiconductor businesses break through and pursue innovation in the 
post-COVID-19 era, among others. Such an exchange of views can essentially be a 
source of inspiration for Dongguan's private companies as they are eager to 
seize new opportunities for technological breakthroughs, corporate 
transformation, and an even greater contribution to the city's blueprint for 
sci-tech innovation and advanced manufacturing.

The Convention intends to convey two clear messages. First, Dongguan promises 
to stay committed to entrepreneurship, higher levels of literacy among workers 
in the private economy, and a community of energetic market players. Second, 
beyond maintaining an exemplary business climate nationwide, the city will go 
further in drawing talent and overseas investment for high-quality development.

Source: The Organizing Committee of the 2022 World Dongguan Entrepreneurs 
Convention