China (Yunnan) pilot free trade zone welcomes foreign investors

0

KUNMING, China–(BUSINESS WIRE)–Located in southwest China’s Yunnan Province, the China (Yunnan) Pilot Free Trade Zone has been attracting foreign investors with its proactive policies since its establishment in August 2019.

Yunnan Pilot Free Zone is one of China’s first three free zones located in China’s border areas. It consists of three areas, namely Kunming area, Honghe area and Dehong area.

Kunming area, located in Kunming city, has an area of ​​76 km2 (including 0.58 km2 Kunming Comprehensive Free Trade Zone) and focuses on the development of high-end manufacturing, aviation logistics, digital economy, headquarters base and other industries.

Honghe area is located in Hekou county of Honghe prefecture, Yunnan province. It has an area of ​​14.12 km2 and focuses on the development of processing and trade, health services, cross-border tourism and cross-border e-commerce.

Dehong area is located in Ruili city of Dehong prefecture, Yunnan province. It has a total area of ​​29.75 km2 and focuses on the development of cross-border e-commerce, cross-border production cooperation, cross-border finance and other industries.

Yunnan Province is a gateway to Southeast Asia and South Asia, being located at the meeting point of China and these two regions. The province has 26 ports, including 20 first-class ports and 6 second-class ports. Yunnan shares a border with Laos, Myanmar and Vietnam, making it one of China’s provinces that borders the most countries. Indeed, this cross-border strategic location that straddles several countries and regions is the biggest advantage of the Yunnan Free Zone.

Since its creation, the FTZ has fueled the opening up and development of the entire province of Yunnan. From August 2019 to July 2022, 56,000 new businesses were created in the zone, representing about 12% of new businesses created in the province during this period. The total import and export value of the free zone during the same period was RMB 279.14 billion, accounting for nearly one-third of the province’s foreign trade, while actual foreign investment increased. reached $587 million, or 28.7% of actual foreign investment across Yunnan province.

In recent years, Yunnan has continued to implement policies to boost investment in high-quality industrial development and further strengthen support for advanced industries and new business models. Looking to the future, Yunnan Pilot FTZ will continue to engage in investment promotion and seek to attract major projects. He invites all foreign investors to explore the many advantages of Yunnan Free Zone as a strategic investment site and looks forward to deeper win-win cooperation that can benefit both businesses and the local economy. .

Share.

Comments are closed.