CHINA has been setting up economic and technological development zones (ETDZs) to boost knowledge-based and technology-intensive industries for the past decades. Typically, the governments offer preferential policies and incentives to these zones. During the country’s rapid industrialization since the adoption of the reform and opening-up policy in 1978, ETDZs have played a vital role because of their appeal to foreign investors and capability to innovate. In particular, the ETDZs at the state level have been the engines of regional economic growth.
The Ministry of Commerce on January 27 released the results of its evaluation on the performance of national ETDZs during the year 2020. According to the ministry, 218 national ETDZs across the country witnessed improving development quality and played a significant role in opening up and driving regional economies in 2020.
Vanguard of Open Economy
National ETDZs excel in industry scale, technology development, innovation capability, openness, production efficiency, growth rate, and quality.
During the country’s rapid industrialization since the adoption of the reform and opening-up policy in 1978, ETDZs have played a vital role because of their appeal to foreign investors and capability to innovate.
Different from pilot free trade zones, bonded zones or export processing zones, ETDZs focus on attracting investments in the real economy and building an open industrial system, rather than work on a special trade arrangement or a particular link along the industrial chain. In practice, areas seating national ETDZs have outperformed other regions in terms of innovation-driven development and open business environment.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A City with Vision for the Future
LOCATED on the edge of Xinjiang Uygur Autonomous Region, at one of the farthest points in China from the sea, stands a city that began to embrace its great economic takeoff just 10 years ago.
Setting out on the Great Rejuvenation
THE centenary of the Communist Party of China (CPC) was marked by a grand gathering held on July 1 at Beijing’s Tian’anmen Square.
A Similar History Has United Us
— Interview with Carlos Miguel Pereira, Ambassador of Cuba to China
The CPC's 100 Years of “Routine Miracles”
AT a grand ceremony commemorating the centenary of the founding of the Communist Party of China (CPC) at Beijing’s Tian’anmen Square on July 1, Xi Jinping, general secretary of the CPC Central Committee, solemnly declared the completion of building China into a moderately prosperous society in all respects, the country’s first centenary goal.
An Open Xinjiang with Multi-Ethnic Beliefs
SINCE ancient times, Xinjiang has been a region where ethnic groups live together, religious beliefs are diversified, and many cultures coexist. Primitive religion and Shamanism were initially prevalent in the region.
Xinjiang in My Eyes
ON May 24, 2021, I boarded a flight to Urumqi from Beijing with a group of Chinese and foreign journalists to learn more about Xinjiang Uygur Autonomous Region, a vast territory that is home to many ethnic groups and diverse cultures. The visit has left me with lasting memories and a deeper understanding of the people and the region as a whole.
Stability and Development Are the Strongest Evidences of Human Rights
OVER the past months hostile elements in certain Western countries have trumped-up charges against China concerning human rights in Xinjiang, spreading lies about “forced labor,” “genocide,” and “religious oppression” in the region.
BRI Nexus Promoting Multilateralism in a Post-Pandemic World
BORN of centuries-long interactions between China and other civilizations along the ancient Silk Road, the Belt and Road Initiative (BRI) appears as the quintessential manifestation of multilateralism on the world stage since the Second World War which was, sad to say, one of quite a different kind.
Tourism Boosts Rural Revitalization in Ili
THEY say you never know how big China is until you come to Xinjiang, and never know how beautiful Xinjiang is until you come to Ili.
Xinjiang's Cotton Industry Gets Smart
LOCATED in the northwest of China, Xinjiang Uygur Autonomous Region boasts long hours of sunshine and ample water for irrigation — making the region geographically ideal for growing cotton. Cotton grown in Xinjiang, which has good coloration and long fiber, is favored in both domestic and foreign markets.
