Aerial photo taken on Aug. 19, 2022 shows the Shanghai Astronomy Museum in Lingang new area of the China (Shanghai) Pilot Free Trade Zone in east China's Shanghai. Saturday marked the 3rd anniversary of the launching of Lingang new area. (Xinhua/Jin Liwang)
SHANGHAI, Aug. 22 (Xinhua) -- China’s Lingang new area of Shanghai Pilot Free Trade Zone (FTZ) saw remarkable progress in the past three years, according to Chen Jinshan, director of Lingang new area administration committee.
When Lingang New Area celebrated its third anniversary on Saturday, Chen said that over the past three years, the regional GDP and the added value of industrial firms above the designated size in Lingang grew by an average annual rate of 21.3 percent and 40.2 percent, respectively. Meanwhile, the fixed-asset investment in Lingang New Area grew at an average annual rate of 43 percent, and the imports and exports of Yangshan comprehensive bonded area grew at an average annual rate of 28 percent during the period.
In the first half of this year, the new area saw rapid growth despite the impacts of the COVID-19, with the added value of industrial firms up 27 percent year on year and the fixed-asset investment up 23 percent year on year.
The achievements of Lingang New Area in the past three years have been reflected by strong figures as well as the friendly business environment. To this end, large strides were made in institutional innovation, industrial opening-up, city construction and talent support. Thanks to the industrial opening-up, more than 300 projects have been signed in the frontier science and technology industry in Lingang new area over the past three years, involving a total investment of more than 420 billion yuan (about 61 billion USD), data showed.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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