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Jiaxing ETDZ: A model beautiful zone in Zhejiang

chinadaily.com.cn| Updated : Jan 17, 2020

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Jiaxing Economic and Technological Development Zone is rated as one of the beautiful demonstration zones Jan 15. [Photo/Official WeChat account: zhejiangzhisheng]

A total of 30 development zones in Zhejiang were included on the list of beautiful demonstration zones by the provincial department of commerce Jan 15, and Jiaxing Economic and Technological Development Zone (Jiaxing ETDZ) topped the list, Jiaxing Daily reported Jan 16.

Established in 1992, the zone was upgraded to a State-level development zone in 2010. Covering 110 square kilometers, the zone enjoys unique geographic conditions, sitting at the center node linking Shanghai, Hangzhou, Suzhou and Ningbo.

Seen as a main platform for Jiaxing's opening-up, the zone has attached great importance to attracting foreign investment. Currently, it is home to more than 650 foreign-funded enterprises, including 37 invested in by world top 500 companies.

In 2019, the zone's contractual foreign capital utilization expanded 30 percent year-on-year, reaching a new high of $780 million.

Relying on the Zhejiang Sino-German (Jiaxing) Industrial Cooperation Park, Jiaxing ETDZ has vigorously developed international cooperation with developed countries. The cooperation park has introduced 10 advanced manufacturing enterprises from Europe and North America, making it an internationalized highland for integrated development of urbanization and industrialization.

Over recent years, the zone has achieved high-quality industrial development by not only promoting upgrading and transformation of traditional industries, but also by establishing characteristic industrial clusters.

For example, the proportion of the contribution of the service sector to regional GDP reached 54.7 percent, and Jiaxing ETDZ has cultivated 67 high-tech enterprises to date, accounting for 36 percent of the zone's industrial enterprises above designated size, the highest rate in Jiaxing.

In addition, the zone has made great efforts to foster a better business climate, with process times for administrative approvals greatly reduced, putting the zone on the 2019 list of China's top 10 innovative development zones for its economic business environment.

At the same time, the local government has made efforts to balance economic development and environmental protection, purifying the air and increasing green coverage in the zone, with the atmosphere and water quality the best last year since environmental monitoring started in 2013.

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