Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

FTZ/Industrial Park

HOME > FTZ/Industrial Park


Chongqing, Switzerland sign cooperation agreements

July 26, 2018


Abstract : Representatives from Southwest China's Chongqing municipality and Switzerland met in Zurich and pledged to build a Sino-Swiss industrial park in Liangjiang New Area.

1

BEIJING, July 26 (Xinhua) -- Representatives from Southwest China's Chongqing municipality and Switzerland met in Zurich and pledged to build a Sino-Swiss industrial park in Liangjiang New Area.

According to the agreement, the two sides will launch 15 joint projects in fields such as large equipment, smart manufacturing, artificial intelligence and new energy.

The ABB Transformer Project and the Smart Manufacturing Industrial Park, for example, will have an initial cost of as much as 280 million U.S. dollars.

The park will consist of two functional areas (R&D and manufacturing), six open platforms (manufacturing, R&D, finance, information, etc.) and ten innovative industries.

It is expected to become a new industrial powerhouse in Liangjiang New Area -- China's first inland pilot region -- developing innovative technologies for precision manufacturing, medical equipment and clean energy vehicles.

Attending the signing ceremony were representatives from 103 Swiss enterprises, institutes and agencies. Tang Liangzhi, mayor of Chongqing municipality, was head of the Chinese delegation.

International cooperation has recently become a central focus of Chongqing as an important path towards reform and opening-up.

Liangjiang New Area has already forged strong partnerships with Switzerland, Germany, Japan, Korea, Italy and Singapore.

By 2020, there is expected to be 250 foreign-invested projects operating in the area, according to Tang Zongwei, deputy director of the administrative committee of Liangjiang New Area.

The actual utilization of foreign capital will hopefully reach 2 billion U.S. dollars, he noted.

(Source: China Daily)


Related Coverage

Focus

Think Tank

  • Foreign firms still betting on China

    October 19, 2018

    With the proactive opening-up of its market and constant improvement of its ...

  • Dollar bonds show confidence in Chinese economy

    October 18, 2018

    The dollar bond sale indicates that there is optimism about the continued im...

  • As US closes up, EU and China must build closer ties

    October 17, 2018

    The EU and China have the world's most dynamic economic relationship, their ...

  • The Chinese Race to Artificial Intelligence

    August 10, 2018

    China is no longer just a manufacturing power, but a technologically advance...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial