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Macro-economy

Chinese provinces to upgrade dev't for national economic and technological development zones

July 09, 2019


Abstract : A batch of upgraded development plan for the national economic and technical development zones in Chinese provinces including Jiangsu, Shanghai, Shandong, Guangdong, and Zhejiang are expected to be released soon, reported Economic Information Daily Monday.

BEIJING, July 9 (Xinhua) – A batch of upgraded development plan for the national economic and technical development zones in Chinese provinces including Jiangsu, Shanghai, Shandong, Guangdong, and Zhejiang are expected to be released soon, reported Economic Information Daily Monday.

The plans, aiming to foster strategic emerging industries, will accelerate the development of high-tech projects and promote the formation of industrial clusters, according to the report.

Thanks to the national favorable policies, Chinese provinces and municipality including Jiangsu, Shanghai, and Guangdong are striving to establish new development plans for the local development zones.

Statistics show that a total of 219 state-level economic development zones in China have realized remarkable results in attracting foreign investment since the beginning of 2019, which accounted for one-fifth of the country’s total from January to May of 2019.

To be specific, east China's Jiangsu Province is currently carrying out the demonstration of intelligent and digital development, as well as the exploration of superposition and integration innovation in the economic and technical development zone.

East China's Shanghai municipality, with its advantages in opening-up, will concentrate on strengthening cooperation in scientific and technological innovation, boost industrial collaborative development, and optimize the layout of industrial clusters.

Meanwhile, south China's Guangdong Province will support to set up pilot zones for business environment reform and innovation in Shenzhen and Guangzhou, which is in line with the action plan for promoting the development of the Guangdong-Hong Kong-Macao Greater Bay Area.

The 219 state-level economic development zones are capable to create a better environment for the high-quality development of the manufacturing industry as well as to improve the competitiveness of the industry, said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation (CAITEC) under the Ministry of Commerce (MOC). (Edited by Jiang Feifan)

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