Eight dynamic businesses that are located in Taixing city, East China's Jiangsu province, were recently recognized as provincial-level gazelle enterprises.
Gazelles are companies that have emerged from their start-up phase to enter a high-quality and explosive growth stage, supported by technological innovation or innovation in their business model.
They include Jiangsu Shengnan Electronic Technology, CSIC Tianhe Marine Equipment Jiangsu, Jiangsu Qunxing Mining Machinery, Taixing Aviation Optoelectronic Technology, Jiangsu Castmate Energy-Saving Technology, Jiangsu Skyflon Composites, Taixing Haoyu Satellite Technology and Zhongyi (Taixing) Environmental Protection Technology.
Taixing is currently home to 13 provincial-level gazelle enterprises. In cultivating gazelles, it offers them funds of 300,000 yuan ($42,444) when they are officially recognized at the provincial level.
Looking ahead, plans are for the city to continue to cultivate gazelle enterprises with high technological content, fast growth rate, strong profitability, new industrial models and great development potential.
That's in a bid to inject new momentum into the high-quality economic development of the city.
The premises of Jiangsu Castmate Energy-Saving Technology in Taixing. [Photo/WeChat account: txfabu]