Modeled After Boston, Nanjing’s Economic Development Focuses on High Tech Industries

By David Li,

Cambridge, Mass. – Nanjing, which means “capital in the South” in Chinese, is a major city in Eastern China. In the evening of May 25, Nanjing Economic and Trade Delegation consisted of 50 government officials and business leaders successfully held the Nanjing Overseas Talent Entrepreneurship Forum and Nanjing 321 Plan Promotion Conference at Marriott Hotel in Cambridge, Mass. Over 400 entrepreneurs, professionals, researchers and students attended this conference.

Yang Weize making theme speech at the conference.

Nanjing municipal leader Yang Weize made a theme speech on Sharing Development Opportunities of Nanjing and Creating A Better Future for the City at the conference. He comprehensively introduced unique history, culture, natural resources, development strategy and talent-introduction policies. And he talked about core content of “Nanjing 321 Plan” – aiming to introduce at least 3,000 leading entrepreneurial talents in five years.

Mr. Yang mentioned that Nanjing economic development plan was modeled after Boston as both cities have highest number of college students per 10,000 population in respective countries. He pointed out that many overseas professionals and scholars in the greater Boston area have outstanding performances in the state-of-the-art academic fields such as bio-medical research, renewable energy and information technology. He expressed his sincere invitation to high-level talents. “We welcome you to start entrepreneurship in Nanjing and create a better future with us,” said Mr. Yang.

To encourage technology entrepreneurship, Nanjing also issued the “Nine New Policies and Measures on Entrepreneurial Talents in Scientific and Technological Fields” to promote scientific and technological personnel in utilizing their inventions and starting new businesses, in which over 60 percent of the total income will be allocated to individuals.

After his speech, Yang Weize answered various questions from the audience. A signing ceremony then followed, and agreements of eight proposed projects in Nanjing by Boston based companies and entrepreneurs were signed.

Jiali Gong, chairman of Nanjing University Alumni Association in Greater Boston (NUAA-BOSTON)’s board of directors, told reporter that NUAA-BOSTON played a key role in organizing this conference. He was pleased by the high turnout. “I can just relax now and enjoy the rest of the weekend,” said Mr. Gong with a smile.

During its Boston visit, the Nanjing delegation also had talks with local government officials and business leaders, and visited top universities including Harvard and MIT. The website of NanJing 321 plan is:

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