An industrial park in Fuyang district, Hangzhou. [Photo/hangzhou.com.cn]

Fuyang district in East China's Hangzhou recently rolled out 30 measures to boost the high-quality development of the local manufacturing industry, Hangzhou Daily reported.

The measures aim to accelerate the development of modern industry, cultivate high-quality enterprises, support scientific and technological innovation, and improve quality brand standards.

The measures state that the digital economy will take the lead and the five pillar industries of photoelectric communication, intelligent equipment, biopharmaceuticals, digital security, and integrated circuits will play supporting roles.

An incubator for small and micro businesses in Fuyang district, Hangzhou. [Photo/hangzhou.com.cn]

The district will award manufacturing industries bonuses of 40 million yuan ($5.96 million), 16 million yuan, 8 million yuan, 4 million yuan, 2 million yuan, and 1 million yuan, respectively, after they generate annual revenue of 50 billion yuan, 20 billion yuan, 10 billion yuan, 5 billion yuan, 1 billion yuan, and 500 million yuan for the first time.

Enterprises that have gained national or provincial recognition will also be awarded 2 million yuan, 1.5 million yuan, and 1 million yuan depending on their title.

The measures have drawn on the wisdom of related policies issued by the surrounding districts of Yuhang, Qiantang, Xiaoshan and other domestic metropolises like Southwest China's Chengdu and Central China's Wuhan, as well as integrated policies that have already been implemented or are in the preparation stage.