Eastern “retrograde”, Sichuan how to do?

At present, all-out “fight the economy” is becoming the consensus across the country. Shanghai has joined the rush to attract investment to high-end manufacturing, raising concerns that the western provinces could face an open-ended battle for the top.

According to Dai Bin, director of the Research Center for Regional Economy and Urban Management at Southwest Jiaotong University, the cooperation between Sichuan and Shanghai is actually mutually reinforcing and supportive. It is a process of optimizing the allocation of resources through the market, which is conducive to promoting the internal circulation of China’s economy.

“We hope to build a bridge of communication for enterprises in Shanghai and Sichuan and Chongqing, carry out cooperation and investment in strong chain, reinforcing chain and extending chain of industrial chain, and focus on factor resource sharing and industrial enabling development.” Wang Dong said that cities like Shanghai come out to attract investment, but also let enterprises in Shanghai this platform to obtain more energy, achieve high-quality development, and then can go to a larger market.

1769-L32CA

1769-L32CA

1769-L32CA

Different from the idea of attracting large enterprises and conglomerates in western China, Shanghai has attracted many small and medium-sized enterprises this time. Sichuan Angao Electric Solid State Battery Co., Ltd. was established at the end of 2022. The main products of the company are large capacity and high safety gel solid state lithium batteries, which are used in ships, mining cards, energy storage and other fields. Why this enterprise, has become the attraction of Baoshan District in Shanghai?

“Although we are small, but in the industry has a certain degree of recognition.” Sichuan Angao electric solid state Battery Co., Ltd. relevant person in charge introduced that the core technology from the University of Electronic Science and Technology of China scientific research results transformation, the product has certain advantages, is in a rapid rise stage. The person in charge said that Baoshan District found the company through the resources within the industry. “We have smooth communication with the local government departments. No matter the industrial park or the township, they are very familiar with our industry and can feel that the local people have a thorough research on the industry. ‘Shanghai pays attention to the details of the business environment and gives timely feedback to companies’ problems,’ the official said.

Tang Jiqiang, director and chief economist of the Western Finance Think Tank of Southwestern University of Finance and Economics, believes that Shanghai’s “retrograde” investment is a recognition of the development of Sichuan-Chongqing manufacturing industry. Shanghai’s focus on attracting high-growth start-up enterprises in Sichuan and Chongqing is a revelation to Sichuan. In addition to attracting large enterprises, it is more important to expand and strengthen advantageous industries, consolidate the industrial foundation, do a good job in enterprise cultivation, and provide greater development space and stage for growing enterprises.