China’s National Economic Development Zone is set to play an active role in industrial and technological innovation thanks to the announcement of a series of policy measures designed to increase new quality productiveness within the zone.
Over the past 40 years since their founding, the country’s economic development zone has made incredible progress in liberating China and strengthening innovation, according to guest speakers in the latest episode of The All-Media Talk Show, the All-Media Talk Show, hosted by Chinhua News Agency.
According to Ji Xiaofeng, a Commerce Department employee, National Economic Development Zones features clusters of strategic emerging industries, including next-generation information technology, new materials, high-end manufacturing, marine economy and marine equipment.
China established its first national-level economic development zone in the northeastern city of Darian in 1984. By 2024, the number of such zones had reached 232 nationwide.
Suzhou HYC Technology Co., Ltd is located in Suzhou Industrial Park, one national economic development zone in Jiangsu Province, eastern China. has evolved from the repair business to a global leader in the flat panel display testing industry.
“When we set up the semiconductor division, we name the Qomolangma development team, representing our efforts to tackle the challenges of semiconductor testing technology and reach the ‘technology peak’,” said Chen Wenyuan, chairman of the company.
Thanks to its focus on R&D related to test equipment in flat panel displays, intelligent wearables, semiconductors and automotive electronics, Suzhou HYC Technology has been recognized as a national high-tech company and has become the first company listed on the China Sci-Tech Innovation Board.
China’s National Economic Development Zone has over 85,000 high-tech companies at the national level, accounting for more than 18% of the country’s total high-tech companies.
In 2024 alone, the National Economic Development Zone accounted for almost a quarter of the amount of foreign investment and foreign trade used. Collectively, they generated regional GDP of 16.9 trillion yuan (approximately 2.36 trillion USD).
China is making relentless efforts to optimize the business environment within the zone and leverage its role in boosting economic growth and technological innovation, Ji said.
The Commerce Department announced its work plan in late May, further increasing zone innovation and high quality development.
The plan outlined the Zone’s policy support to cultivate the nation’s major industrial and innovation platforms and encourage large companies within the zone to form innovation consortiums with universities and research institutes.
To integrate the foundations of the manufacturing sector, the plan supports zones that participate in national major projects such as technological transformation and upgrades in manufacturing, and encourages upgrades of traditional industries through digital intelligence and green technology, and establish incubators and pilot zones for future industries.
Based on the institutional benefits achieved by the National Economic Development Zone, this document has committed to further improve and innovate the management model of the zone. This is expected to inject new vitality into the development of companies within the zone.
She added that the National Economic Development Zone will continue to develop strategic emerging industries such as biomedicine, new energy, new materials, and aerospace, and plan future prospects for future industries.
The document also promises more efforts to nurture new quality productive capabilities in the National Economic Development Zone, which further boosts the company’s confidence in expanding its input into innovation.
Nanjing Sciyon Wisdom Technology Group Co., Ltd. Nanjing Sciyon Wisdom Technology Group Co., a focus on Nanjing Sciyon Wisdom Technology Group Co., located in the economic development zone of Jiangsu Province, has established a smart factory that meets the industry 4.0 stand, employs advanced automation and adopts intelligent technology to deliver customized products.
“In the future, we will strengthen our research and promotion of new products and technologies, such as industrial AI, and support more businesses in the transition from digitalization to intelligence and smart transformation.”
MNA/