Program fosters SME expansion, promotes communications
Weifang Litro Electrical Technology, which is based in the Weifang Hi-tech Industrial Development Zone, is known as a leading Chinese manufacturer of multipoint fuel injection systems. [Photo provided to China Daily]
Nearly 40 high-growth companies in the Weifang Hi-tech Industrial Development Zone have been offered opportunities to learn from leading local companies and industrial experts, through an event named "Big Hands Hold Small Hands" organized by the local authority in August.
In this one-day event, senior managers visited heavy-truck and components developer and manufacturer Weichai Power to learn how to manage business more effectively, and smart equipment development giant Goertek to learn more about artificial intelligence.
Three industrial design experts were also available to provide tailor-made suggestions to companies.
"The event provides encouragement and impetus for us. We are confident we will now achieve better results in the zone," said Zhang Changli, deputy general manager of Shandong Yinlun Heat Exchange System.
Wang Zhende, deputy director of the industrial information office of the zone's economic development bureau, said that the program would promote communications between companies and help small and medium-sized enterprises with high potential expand their operations.
It will also help the zone to cultivate an atmosphere in which businesses are keen to acquire new knowledge, compared with their competitors, chase industrial leaders and have a willingness to overtake them.
In recent years, the zone has been committed to upgrading its business environment.
Weifang Litro Electrical Technology is one of the beneficiaries of the zone's efforts. Litro, established in 2010, independently developed a multipoint fuel injection system in 2015 and broke the monopoly of foreign businesses in the field in China, according to the company. Its success also secured it a leading position in the development of natural gas combustion injection systems in recent years.