Billions invested in NE China FTZ

Special zone in Heilongjiang lures 94 projects, including some from neighbouring Russia

by Nadeem Xu
Billions invested in NE China FTZ
Harbin: The Northeast China pilot FTZ is luring investors. 

(ATF) A free trade zone (FTZ) in northeast China has attracted 94 new projects with a total investment of 175 billion yuan ($24.6bn) since its inauguration in August, the provincial department of commerce said Wednesday.

The Heilongjiang pilot FTZ has three sub-areas with one in the provincial capital of Harbin and the other two in Heihe and Suifenhe on the China-Russia border.

Since the coronavirus outbreak, the sub-areas have promoted online services to attract companies to register, including those from Russia, according to the department.

Approved by the State Council, six pilot FTZs were inaugurated in Shandong, Jiangsu, Guangxi, Hebei, Yunnan and Heilongjiang, bringing the total in the country to 18.

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