PR Newswire
09 Sep 2022, 20:23 GMT+10
BEIJING, Sept. 9, 2022 /PRNewswire/ -- A conference on the development of emerging industry was held on Wednesday in Kunshan, celebrating the 30th anniversary of the economic and technological development zone (ETDZ) and witnessing a series of projects inked, commenced and completed.
Thirty-three projects with total investment of over 50 billion yuan (about 7.18 billion U.S. dollars) were signed in the city of Kunshan in east China's Jiangsu Province, covering areas of digital economy, smart manufacturing and new energy. Meanwhile, a total of 45 projects were officially commenced and 46 projects were completed, according to the event organizer.
In addition, two new platforms, including Beijing Stock Exchange Kunshan base and Kunshan small and medium-sized enterprises incubation center, were unveiled during the event.
Kunshan is a pioneer in China's opening-up drive. Approved as a state-level economic and technological development zone by the country's State Council in 1992, Kunshan has attracted foreign investment of over 43 billion U.S. dollars from 51 countries and regions, funneling in more than 2,700 projects. There are 52 Global Fortune 500 enterprises setting up factories in Kunshan.
In 2021, Kunshan recorded a regional gross domestic product (GDP) of 474.81 billion yuan, registered over 1 trillion yuan of total output by industrial enterprises above designated size, and saw total exports and imports worth 106.6 billion U.S. dollars, with the foreign trade figure ranking the first among China's county-level cities.
The achievements were made thanks to Kunshan's efforts in optimizing business environment. It has rolled out new policies for four consecutive years to improve business climate.
See the original link: https://en.imsilkroad.com/p/329900.html
SOURCE Xinhua Silk Road
Get a daily dose of Philippine Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philippine Times.
More InformationWhile Secretary of State Anthony Blinken has been frantically shuttling around the Middle East trying to stop the Israeli coflict ...
LESBOS, Greece: Greek authorities said a cargo ship sank off the island of Lesbos over the weekend during a storm, ...
COLUMBUS, Ohio: To stop the spread of bird flu, more than 1.3 million chickens will be killed on Ohio's Union ...
In a devastating turn of events, Israel's war on Gaza, sparked by Hamas's unprecedented attacks on October 7, has resulted ...
BATON ROUGE, Louisiana: In a Louisiana election where more than 43,000 people cast their ballots, a candidate for parish sheriff ...
LIVINGSTON, Kentucky: This week, railroad operator CSX said a train derailment involving 16 cars, two of which spilled molten sulfur ...
BANGKOK, Thailand: This week, Thailand's Deputy Finance Minister Krisada Chinavicharana said after a weaker-than-expected third quarter, the country will downgrade ...
BEIJING, China: The country's commerce ministry said that during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho ...
NEW YORK, New York - Retreating bond yields and a higher-then-expected GDP reading for the third quarter boosted U.S. stocks ...
WASHINGTON D.C.: President Joe Biden invoked a Cold War-era act this week to boost investment in U.S. manufacturing of medicines ...
NEW DELHI, India: On November 24, the Economic Times (ET) reported that Tesla is ready to invest up to $2 ...
NEW YORK, New York - U.S. stocks closed in positive territory despite a volatile day Tuesday. Spending much time in ...