Projects worth billions signed in Kunshan, East China

On Wednesday, September 7 a conference on emerging industry development was held in Kunshancelebrating the 30th anniversary of its economic and technological development zone (ETDZ), presenting a series of projects signed, started and completed.

33 projects with a total investment of more than 50 billion yuan (about $7.18 billion US dollars) were signed in Kunshan city, east China’s Guangdong province. Jiangsu, covering areas of digital economy, smart manufacturing and new energy. Meanwhile, a total of 45 projects have been officially started and 46 projects have been completed, according to the event organizer.

In addition, two new platforms were unveiled during the event, including the Kunshan base of the Beijing Stock Exchange and the Kunshan small and medium business incubation center.

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About Kushan

Kunshan is a pioneer in the opening campaign of China. Approved as a state-level economic and technological development zone by the country’s State Council in 1992, Kunshan has attracted over US$43 billion in foreign investment from 51 countries and regions, channeling it into more than 2,700 projects. There are 52 Global Fortune 500 companies that set up factories in Kunshan.

33 projects with a total investment of more than 50 billion yuan (about US$7.18 billion) were signed in Kunshan City

In the year 2021, this county registered a regional Gross Domestic Product (GDP) of 474.81 billion yuan, registered more than 1 billion yuan of total output of industrial enterprises above the estimated size, and registered total exports and imports worth US$106.6 billion, with the foreign trade figure ranking first among the county-level cities of China.

The achievements were made thanks to Kunshan’s efforts to optimize the business environment, according to official sources. And they added that the county has implemented new policies for four consecutive years to improve the business climate.