2024-01-02 00:26:00
Xinhua 02.01.2024 08h26
China’s national-level economic and technological development zones have played an important role in the high-quality development and stability of foreign trade and investment, the Ministry of Commerce said.
According to official data from the ministry, foreign trade in the 230 development zones reviewed by the ministry totaled 10.3 trillion yuan (regarding 1.45 trillion U.S. dollars) in 2022, accounting for 25 percent of China’s total foreign trade.
In particular, trade in high-tech products in development zones reached 3 trillion yuan in 2022, accounting for 27% of China’s overall high-tech trade volume.
Actual foreign direct investment in these development zones amounted to regarding $43.2 billion, or 23 percent of the country’s total, the data shows.
According to the review, the development zones have strengthened scientific and technological innovation capabilities, and the number of R&D establishments at provincial level or above has increased to 12,000 by the end of 2022.
Official data shows the combined gross domestic product of these areas reached 14 trillion yuan in 2022, contributing 12 percent of China’s total.
(Web editor: Ying Xie, Yishuang Liu)
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