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Ningbo Upgrades Regional Collaboration

Ningbo spares no effort to upgrade the collaboration between the underdeveloped areas and developed areas of Zhejiang Province this year, which will accelerate the development of the paired areas and in turn lead to a more coordinated development of Zhejiang. The cooperation will be focused on industries of at least 8 trillion dollars.

Ningbo Collaboration Promoting Conference was held on May 25, 2018 and it was informed that, in the first quarter of this year, Ningbo implemented 50 cooperation projects on the collaboration projects between the underdeveloped and developed areas, invested 3.27 billion yuan, developed four 18.6 km²-wide provincial industrial parks, completed fixed assets of 252.94 billion yuan, and introduced 99 enterprises. "Underdeveloped-developed areas collaboration project is a win - win and even a multi - win project, which has expanded space for the high - quality development of our city. "said by an official of the leading group of the project.

It is the first time that Zhejiang has upgraded reginal collaboration. Ningbo is to spend 1.8 billion yuan on the projects (including the continued projects in three years), over 65% of which are in the field of information, environmental protection, health, tourism, fashion, culture, finance and high-end equipment.

Meanwhile, Ningbo will also promote the construction of Lishui (Ningbo) Enclave Pioneer Park. The site of Ningbo E-commerce Economic Innovation Park (Jiangbei District) has also been decided. "We are planning to work in pairs to build enclaves parks to strengthen the economy of underdeveloped villages." the official added

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