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China (Hubei) Pilot FTZ to promote industrial agglomeration, upgrade open economy

April 17, 2020


Abstract : The China (Hubei) Pilot Free Trade Zone will draw up a plan to promote industrial agglomeration and upgrade the open economy, said a commerce official of Hubei Province on Friday.

BEIJING, April 17 (Xinhua) -- The China (Hubei) Pilot Free Trade Zone will draw up a plan to promote industrial agglomeration and upgrade the open economy, said a commerce official of Hubei Province on Friday.

Chen Huarong, the Department of Commerce of Hubei Province, said at a press conference held by the Ministry of Commerce that 100 percent of large-scale industrial enterprises, key enterprises and supporting enterprises in Hubei pilot FTZ have resumed production.

Hubei pilot FTZ will further promote the development of strategic emerging industries and high-tech industries,while promoting resumption of production, said Chen.

Hubei will give full play to the advantages of pilot FTZ, step up institutional innovation in the development of key industries such as optoelectronic information, new energy vehicles and biomedicine.

Centering on key chain, technology and links of leading industries in the pilot FTZ and aiming at world-renowned multinational companies, Hubei will lay emphasis on introducing high-end projects in the industrial chain and value chain.

It will also actively undertake the industrial transfer from key areas such as the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and the Beijing-Tianjin-Hebei region, according to Chen.

(Edited by Yang Qi with Xinhua Silk Road, kateqiyang@xinhua.org)

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Keyword: Hubei ftz

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