On the morning of May 9, 2024, Wang Hao, Governor of Zhejiang Province, paid a visit to Binjiang District, Hangzhou, to review the progress of large-scale equipment renewal and consumer goods trade-ins. He stressed that promoting a new wave of large-scale equipment renewal and trade-ins of consumer goods is an important strategic decision of the Central Committee of the CPC and the State Council aimed at high-quality development. This initiative carries comprehensive and strategic importance by providing both near-term and long-term benefits, stabilizing economic growth while driving transformation, and supporting businesses while improving people's livelihoods. He stressed the need to study and implement General Secretary Xi Jinping's guidelines and instructions, to seize on opportunities, leverage favorable conditions, coordinate plans and advance them systematically. It's crucial to ensure policy coordination, uphold standards for improvement, stimulate market demand and maximize economic circulation to better promote high-quality development and create a higher quality of life for people. This will fuel our drive to pioneer new achievements and reach new milestones.

Equipment renewal and consumer goods trade-ins represent tremendous market potential. During his visit to Venus Medtech (Hangzhou) Inc. (Venus Medtech), Governor Wang toured the workshops and product showroom, gaining detailed insights into the company's R&D efforts. As a leading Chinese developer of transcatheter heart valves, Venus markets its products worldwide. Wang praised the company for making breakthroughs in independent innovation. He encouraged the company to maintain confidence in its development, remain committed to innovation, continuously improve its capabilities in independent R&D, and promote production with advanced equipment and new materials, so that more key equipment and materials should be made domestically rather than imported. Wang urged government departments of Hangzhou City, Binjiang District and Zhejiang province to provide precise services to help businesses maximize the benefits of various preferential policies. He emphasized that industries with promising development prospects and high return on investment should be supported on a priority basis for equipment renewal. This will allow leading companies to reduce costs, increase efficiency, and better enable high-quality development.

* Source: ZMG News

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