Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
Local

E.China Jiangsu FTZ grows into major engine of high-quality green development

August 05, 2021


Abstract : East China's Jiangsu Pilot Free Trade Zone (FTZ) has grown into an important engine for high-quality development in Jiangsu since its inauguration in 2019 , reported the Xinhua-run Xinhua Finance Wednesday.

XxjpbeE007278_20210713_PEPFN0A001_720x720.JPG

A loaded ship leaves a container terminal in Lianyungang, east China's Jiangsu Province, July 13, 2021. (Photo by Wang Jianmin/Xinhua)

BEIJING, Aug. 5 (Xinhua) – East China's Jiangsu Pilot Free Trade Zone (FTZ) has grown into an important engine for high-quality development in Jiangsu since its inauguration in 2019 , reported the Xinhua-run Xinhua Finance Wednesday.

In the past two years, Jiangsu FTZ has contributed 12.7 percent to the province's foreign trade volume, and its actual use of foreign investment accounted for 9.7 percent of the province's total in the period, which is an important driving force for the high-quality development of Jiangsu Province.

In response to the central government's call for a new development pattern and coordinated development of the FTZ, Jiangsu has made efforts to promote a higher level of opening-up and explore institutional innovations, and it has created 115 institutional demonstration innovations, according to the relevant department of the FTZ.

This year, the Jiangsu FTZ vows to promote institutional innovation in the biomedical sector and is expected to develop biomedical, integrated circuit, and artificial intelligence (AI) into pillar industries in the province.

The three sub-areas of the Jiangsu FTZ in Nanjing, Suzhou, and Lianyungang have also achieved fruitful results. It is noted that the Suzhou area was approved as a new type of national offshore international trade area in March this year, which is the second approved area in China after Hainan Free Trade Port.

In terms of developing emerging industry, efforts will be made to promote offshore trade, digital trade, trade-in service, and promote the green and low-carbon transformation of the Jiangsu FTZ.

The FTZ will also prioritize building strategic science and technology areas, including state-level research centers, laboratories, and scientific research infrastructure, and introduce more innovative talents to the FTZ.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com) 

Scan the QR code and push it to your mobile phone

Keyword: FTZ Jiangsu

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial