FTZ In China Province Attracts Billions In Investment
Umer Jamshaid Published February 22, 2021 | 04:04 PM
The free trade zone (FTZ) in northeast China's Heilongjiang Province had attracted 196 projects with a total investment of 228.2 billion yuan (about 35.3 billion U.S. dollars) as of the end of 2020, according to the provincial economic planner
HARBIN, (UrduPoint / Pakistan Point News - 22nd Feb, 2021 ) :The free trade zone (FTZ) in northeast China's Heilongjiang Province had attracted 196 projects with a total investment of 228.2 billion Yuan (about 35.3 billion U.S. Dollars) as of the end of 2020, according to the provincial economic planner.
Since its inauguration in August 2019, the Heilongjiang FTZ had seen 7,378 enterprises established in its three sections, with one in the provincial capital of Harbin and the other two in the cities of Heihe and Suifenhe on the China-Russia border, by the end of 2020, said the provincial development and reform commission.
The Heilongjiang FTZ has taken a series of measures to attract investment, including promoting online registration, improving business environment and lowering operating costs for foreign trade enterprises.
The province's total foreign trade reached 153.7 billion yuan in 2020, with exports growing 3.2 percent year on year to 36.09 billion yuan.
Recent Stories
Dar for joint action to counter Islamophobia in context of Israeli aggression ag ..
Azam Tarar urges for effective implementation of Action Plan for Human Rights
PAF cadets' graduation ceremony held
One-day national seminar "Great Power Competition: Challenges and Opportunities ..
10 firms submit LoIs for PIA: Aleem Khan
Saudi Arabia launches Nusuk pilgrim card for the Hajj of 2024
High Commissioner Hawkins hosts reception to mark 'Australia Day in Spring'
PM forms inquiry committee to probe matter of wheat import
E-Evidence system inaugurated in Bahawalnagar district courts
Bitterness at UCLA as Gaza protest cleared
Kenya, Tanzania brace for cyclone as heavy rains persist
DC reviews seven-day anti-polio drive in Federal Capital
More Stories From Business
-
10 firms submit LoIs for PIA: Aleem Khan
6 hours ago -
Trained manpower imperative for food security: Dr Sarwar
8 hours ago -
Asian Development Bank (ADB) delegation visits Federal Board of Revenue (FBR)
9 hours ago -
Pakistan's total liquid foreign reserves reach $ 13.316 billion
10 hours ago -
WWF-Pakistan rolls out regenerative agriculture practices initiative
10 hours ago -
Govt to equip agri-sector with modern technology: Rana Tanveer
10 hours ago
-
US trade gap wider than anticipated in March
10 hours ago -
Pakistani entrepreneurs asked for exploring business opportunities in Ethiopia
9 hours ago -
US trade gap wider than anticipated in March
10 hours ago -
Mongolian envoy for joint efforts to improve trade ties
10 hours ago -
Rupee gains 01 pasia against US dollar
11 hours ago -
Ahsan Iqbal expresses Pakistan's eagerness to enter CPEC Phase-II
11 hours ago