Authorities subsidies and rebates, however, are encouraging home TELEVISION manufacturers similar to TCL Corp. to department out into LCD panel production. Together with Shenzhen Century Science & Technology Investment Corp., TCL established joint-enterprise firm Shenzhen Huaxing Photoelectric Technology Co. Ltd solely to make show panels. For establishing an 8.5G LCD panel facility in Guangdong, Shenzhen Huaxing acquired a 500 million yuan ($76 million) subsidy from town authorities.
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