C&U Bearing be Listed in a Develop Worthy List

Recently, the government of Wenzhou city announced a list in which 86 kinds of Chinese famous products that worth being developed and cultivated were included. The products can be classified into several groups like household appliance, garment, shoes, machines, electrical goods, furniture etc. Products from C&U Group became the only one bearing products of the list.

According to Mr. Wu yixin, president of Wenzhou Bureau of Quality and Technical Supervision, the major purpose of this list is to facilitate and support China enterprises' famous brand strategy under the help of government.

Currently, 16 products from different enterprises have been granted the title of "China Famous Product". On the "12345 Project" Mobilizing Meeting, Wenzhou government presented that after 3 years hard work, they will build at least 40 China Famous Brand. As a result, the government drafted and announced that above mentioned List on the basis of long term inspection and wide hearing.

(12345 Project: It means that in 3 years Wenzhou will introduce 10 of the World Top 500 Enterprises' investment; added value of high-tech industry account for more than 20% of that value of scaled industry; build at least 30 large enterprises whose annual sale can exceed RMB1 billion Yuan; build at least 40 China Famous Brand; total output value of industry exceed RMB500 billion Yuan. The "12345" refers to 10 of World Top 500 enterprises; 20%; 30 large enterprises; 40 China Famous Brand and 500 billion Yuan respectively.)

The enterprises whose products or brand were listed will enjoy preferential treatment in tax, loan, land property etc.