Sixth Batch of Reform Pilot Experiences from Free Trade Zones to Be Replicated and Promoted
Local governments and relevant departments in the pilot free trade zones, in line with the functional positioning and distinctive characteristics of their respective zones, have made every effort to advance institutional innovation practices, resulting in the sixth batch of reform pilot experiences from the pilot free trade zones, which will be replicated and promoted nationwide. ( Click for details )
Industry Trends
Cooperation between international automotive giants and Chinese enterprises in the new energy sector has sparked a new wave of joint ventures in the automotive industry. Compared to the initial joint venture models in the automotive sector, these new partnerships feature greater innovation and breakthroughs in technology and product development. ( Click for details )
In recent years, China’s biopharmaceutical industry has experienced rapid growth. The global spread of the COVID-19 pandemic this year has further thrust the sector into the spotlight. From R&D to manufacturing and market promotion, new drug development still faces numerous bottlenecks. Companies lacking innovation, market presence, or efficiency will likely be weeded out. Experts suggest focusing on the consumables and equipment sectors to identify new investment opportunities in manufacturing and marketing. ( Click for details )
Park Updates
The 18 key industrial projects launched in the Lingang New Area cover key sectors such as integrated circuits, new energy vehicles, artificial intelligence, aerospace, and biopharmaceuticals. All of these projects were attracted and signed in the first half of this year, with some taking only four months from signing to groundbreaking. ( Click for details )
Chongqing High-Tech Zone has delivered an “impressive” investment attraction report card in just six months: From January to June, 37 new formal contract projects were signed, and combined with projects nearing finalization, the total investment reached 60.56 billion yuan. ( Click for details )
Regional Insights
Economic and Information Technology departments from Sichuan and Chongqing jointly held a meeting in Chengdu to deepen cooperation in the automotive industry within the Chengdu-Chongqing Dual-City Economic Circle. They identified six key areas of cooperation, including enhancing industrial support and accelerating the clustering of emerging industries. The goal is to establish the Chengdu-Chongqing region as a globally significant hub for automotive R&D, manufacturing, and application, while driving the transformation, upgrading, and high-quality development of the region’s automotive industry. ( Click for details )
The inaugural "Beijing-Tianjin-Hebei – Guangdong-Hong Kong-Macao" Advanced Manufacturing High-Level Summit was held in 2020 in Beijing, Guangzhou, Hong Kong, and other locations through a hybrid online-offline format. During the event, the "Beijing-Tianjin-Hebei – Guangdong-Hong Kong-Macao Data Element Cooperation Zone" was officially launched. ( Click for details )
Projects Settled
On July 6, Hebei’s first Alibaba Taobao Live Base was inaugurated at the 365 (China) Smart Valley Digital Economy Industrial Park in Shijiazhuang. As one of Alibaba’s first nationally authorized bases, it was jointly established by the official Taobao platform, Hebei 365 Group, and Shijiazhuang Qingbai Culture Communication Co., Ltd. ( Click for details )
The Qingdao Area of the Shandong Pilot Free Trade Zone has once again set a new record for project attraction speed. On July 7, an industrial internet project from Shanghai was rapidly established in the Qingdao Area, taking only 120 hours from the initial assessment of the investment environment to the signing of the agreement. ( Click for details )
On the morning of the 8th, the groundbreaking ceremony for the GAC Mitsubishi New Energy Vehicle Project and the completion ceremony for the R&D building were held in the Changsha Economic and Technological Development Zone. This new energy vehicle project will leverage the respective strengths of GAC Group and Mitsubishi Motors to jointly develop their first new energy vehicle model. With a total investment of approximately 1 billion yuan, the project is scheduled to begin mass production in 2021 and is expected to reach an annual production capacity of 100,000 new energy vehicles once fully operational. ( Click for details )
