Cangzhou entrepreneur capitalizes on Beijing exodus
For garment production, the main location is the Mingzhu Garment Town in east Cangzhou. Upon full completion, the 333-hectare, 53.6-billion-yuan town will be able to accommodate over 10,000 garment manufacturers from Beijing that can realize an industrial value of over 200 billion yuan and generate 300,000 jobs.
Relocated manufactures can either rent factories or buy land to build their own factories. So far, more than 4,300 manufacturers from Beijing have relocated to the town.
For garment vendors and manufacturers, the move from Beijing to third-tier city Cangzhou is at first an apprehensive one.
To allay their worries, Dongsu approached them and offered them free rides to Cangzhou to inspect the local business environment. They were mostly received by Dongsu’s board chairman Yu, who addressed their concerns and briefed them on his business plan. Such inspection trips helped them decide to relocate.
Three years into the relocation, there is now general optimism about business growth in Cangzhou among vendors and manufactures.
Wang Ligong, who had been in the garment business in Beijing for 24 years, moved to Mingzhu Garment Town in 2016.
Compared with Beijing, the cost of running a business in Cangzhou is significantly low, said Wang.
Today's Top News
- Beijing, Washington agree to maintain communication and manage differences
- 'Ice City' warms up for winter Games
- All-out rescue efforts urged in quake relief
- Experts: US suppression of Chinese firms unreasonable
- China takes lead in global growth of IP
- Growing BRICS reflects global transformation: China Daily editorial