CHANGSHA, China » Sept. 28, 2020 » China » Hunan » China

, /PRNewswire/ — Recently, () Pilot Free Trade Zone has been officially approved. So far, 21 Free Trade Zones have been established in .

Hunan » Central China » Changsha » Hunan Province » Hunan » China » Africa

The movement that joins into the framework of Free Trade Zone will contribute for the coordinated development in . Relying on their advantageous locations, cities as Yueyang, and Chenzhou, have grown up to be the corridor for international cooperation, investment and trade, according to the Department of Commerce of . It is aimed to build a world-class manufacturing cluster and a pilot zone for – economic and trade cooperation.

Hunan » Africa » Hunan » Africa » Hunan » Hunan » Hunan » Africa » Hunan » China’s » Africa

Owing to the ancient Silk Road and the proposal of Belt and Road Initiative, has come with a good foundation for economic trade cooperation with , as they share a high degree of industrial fit and strong market complementarity. has been leading the way in economic and trade cooperation with at the level of provinces, cities and autonomous regions. In 2019, not only successfully hosted the first China-Africa Economic and Trade Expo, but also won the permanent residence of it. By hosting the Expo, will be able to attract more investments and cooperations. Based on the competitive industries, including equipment manufacturing, energy and electricity, infrastructure and agricultural processing, is designed to build logistics channels to and explore mode for local economic and trade cooperation with .

Hunan » 430 billion yuan » 124.8 billion yuan

In 2019, the total import and export value of exceeded for the first time, reaching a record high. The growth rate of foreign trade was 41.2%, ranking first in the country. Among which, the trade volume to the countries and regions along the Belt and Road Initiative grew by 54%, and the import and export volume reached .

Hunan » China’s

Supported by the existing competitive industries, such as construction machinery (SANY and ZOOMLION), railway transportation equipment (CRRC) and intelligent equipment (SUNWARD), sped up the construction of innovation platform and industrial Internet, and joined the international competition of high-end equipment manufacturing and maintenance, so as to form new advantages of participating in global industrial division competition and cooperation. This is not only in line with the needs of sustainable development, but also in line with the world’s fourth industrial revolution featuring returning to the manufacturing industry through intellectualization.

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