PR97744

BEIJING, Sept. 9, 2022 /PRNewswire=KYODO JBN/ --

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

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   Caption: Photo shows the view of Kunshan in east China's Jiangsu Province. [Photo

provided to Xinhua Silk Road]