The high-tech industrial development zone of the Xiongan New Area in north China's Hebei Province officially commenced operations on Thursday. This marks a significant milestone following the provincial government's approval at the end of last year.
Designed to prioritize high-end modern service industries, the new zone will focus on scientific and technological services, business services, and comprehensive free trade services. These sectors are poised to drive economic growth and foster innovation within the region.
In addition, the development plan includes the establishment of five specialized parks dedicated to space, information technology, biotechnology, new materials, and future science and technology. These parks are expected to serve as hubs for cutting-edge research and development, attracting both domestic and international talent and investment.
The inauguration of the high-tech zone underscores the Chinese mainland's commitment to advancing its technological capabilities and establishing itself as a leader in emerging industries. This initiative is likely to create numerous opportunities for entrepreneurs, tech enthusiasts, and global investors looking to engage with one of China's rapidly evolving economic landscapes.
Reference(s):
cgtn.com