BUSINESS 2nd Global Cities Investment Promotion Conference held in S. China's Hainan as RECP comes into force


2nd Global Cities Investment Promotion Conference held in S. China's Hainan as RECP comes into force

Global Times

15:09, January 12, 2022

The second Global Cities Investment Promotion Conference was held by the Global Times on Monday in Haikou, south China's Hainan Province, after the Regional Comprehensive Economic Partnership (RCEP) came into force in the new year.

Representatives of numerous cities with outstanding achievements in opening up, trade and free trade zone development, such as Chengdu, Guangzhou, Shenyang, Kunming, Hefei, Huaihua and Dingzhou, as well as more than 100 well-known enterprises and brand representatives, experts and scholars in the field of economic development participated in the conference.

Xie Rongbin, Deputy Editor-in-Chief of the Global Times and director of, Zhang Wei, former vice president of China Council for the Promotion of International Trade and Zhao Jinping, former minister of the Foreign Economic Department of the Development Research Center of the State Council delivered speeches at the conference.

In recent years, Chengdu in Southwest China's Sichuan Province has expanded its influence in opening up and achieved a historic leap from a regional city to a world-class urban hub.

Zhao Yunlong, a member of Chengdu Investment Promotion Bureau, said at the meeting that the city is speeding up to build an international comprehensive transportation and communication hub, including constructing a three-dimensional channel system between Asia, Chengdu and Europe, together with building "European Union-Chengdu and Chongqing-Japan and South Korea" and "Chengdu and Chongqing-ASEAN" open channels, in a bid to become the third city in China with dual international airports.

Zhao Yunlong, a member of Chengdu Investment Promotion Bureau, delivers speech at the second Global Cities Investment Promotion Conference on January 10, 2022. Photo: Global Times

Zhao Yunlong, a member of Chengdu Investment Promotion Bureau, delivers speech at the second Global Cities Investment Promotion Conference on January 10, 2022. (Photo: Global Times)

The Chengdu International Railway Port has connected 68 cities outside China, with the total number of departures exceeding 15,000. In 2020, the city has recorded 22.4 percent growth in import and export, the highest throughout central and western China.

Huaihua in Central China's Hunan Province, a mountainous region far from the border and the sea, has seized the chance provided by the RCEP to advance rapid development.

Han Xiaobo, vice mayor of Huaihua Municipal People's Government, said that the city, surrounded by China's five provinces and regions including Hunan, Guangxi, Guizhou, Chongqing and Hubei, has been positioned in 2020 as a strategic city for the new land-sea corridor of the western China as well as a cargo freight center for ASEAN.

Huaihua, together with Beibu Gulf Port in South China's Guangxi Zhuang Autonomous Region, will lead the coordination of mountains and seas as well as railway and sea transportation, in order to build the "Huaihua-ASEAN" logistics channel, making the Huaihua International Land Port become an important platform for Hunan and the central and western regions in China to connect with RCEP.
On January 6, Huaihua opened China-Laos Railway from the city to Lao capital Vientiane, which gives the city more options to connect with ASEAN.

Binhai New Area in Dongguan, South China's Guangdong Province, is the youngest national strategic development platform which has been included in the development plan of the Guangdong-Hong Kong-Macao Greater Bay Area.

Xiao Ailian, member of the Party Working Committee and Chief Economist of Binhai New Area, said that the area, located in the geometric center of Guangdong-Hong Kong-Macao Greater Bay Area, is not only an important platform for Dongguan's world-class advanced manufacturing industry, but also one of the core innovation platforms of Guangzhou-Shenzhen-Hong Kong-Macao Science and Technology Innovation Corridor. It enjoys a number of important areas to be developed on the east coast of the Pearl River Estuary in southeastern China, where seven new industry bases covering new-generation information and communication, digital economy, are planned to be built, tapping into unlimited potential.

Dingzhou in North China's Hebei Province, a "thousand-year-old county," is rich in history and culture. The city, close to Beijing, Tianjin and Xiong'an New Area, not only has a strong foundation within traditional industries, but is also witnessing the rapid development of new industries.

Zhang Baosheng, Party Secretary and Chairman of Dingzhou municipal committee of Chinese People's Political Consultative Conference, said that the city has grown into one of the top 100 small and medium-sized cities in China in terms of investment potential and quality of new urbanization.

Dingzhou sees the hydrogen energy industry as a strategic emerging opportunity, becoming one of the most competitive cities in developing hydrogen energy and fuel cells in China.

The Yuhua Block of Changsha's Pilot Free Trade Zone in Central China's Hunan Province, is making efforts to build a pioneer area for in-depth China-Africa trade cooperation, based on Gaoqiao Market, the largest comprehensive wholesale market in the central and southern regions in China.

Gu Xu, a director from the Yuhua Administrative Committee Investment Promotion and Cooperation Bureau, said at the conference that the block is striving to build a distribution and trading center for non-resource products in Africa, an incubation center for China-Africa trade enterprises, as well as a platform for China-Africa economic and trade and financial services.

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