City rolls out series of initiatives to help new business startups

Echoing the nation's encouragement for more innovation and entrepreneurship, China's young generation is keen to set up businesses.

The 118-km Nanming River is the "mother river" of Guiyang. It boasts picturesque views on its banks. WU WEIDI/CHINA DAILY

In Guiyang, the capital of China's southwestern Guizhou province, the local government is aiming to attract worldwide companies with government support and economic incentives, as well as build platforms for startup teams to start their businesses.

"Guiyang has become one of the pioneer cities to boost social and economic development towards big data and the cloud computing industry. The city's fine environment and joyful climate play a important role in attracting IT-related companies," said Chen Gang, Party chief of Guiyang.

Since 2013, Guiyang has pushed for the development of big data as one of its economic pillars.

It is also hosting the World Crowdfunding Summit from Friday through Monday, which has attracted thousands of participants from all over the globe, including field experts, venture capital investors and business startups. Under the theme of "Entrepreneurship, Innovation and Makers", the summit is keen to build a platform for new enterprises to build their futures.

"We will build Guizhou into a leader in big data innovations and applications in the next three to five years," he said, adding that emerging industries, such as big data and cloud computing, were key for western regions of the country to catch up in the era of information and technology.

To achieve the goal, the government of Guiyang has rolled out a series of policies to attract big data enterprises, such as subsidies for renting offices, servers and tax rebates.