New district in S China to become innovative tech center

By Qiu Quanlin in Guangzhou | | Updated: 2017-11-28 17:45

The Tsuihang New District in Zhongshan of Guangdong province is positioned to become a center of innovative technology, advanced industries and high-tech enterprises for foreign investment, according to the local government.

Approved by the Guangdong Provincial Government in December 2012, Tsuiheng New District was set up to become one of the key development areas in Zhongshan with a concentrated construction area of 35 square kilometers.

Over 21 consulate generals and foreign chambers of commerce representatives from America, Germany, Switzerland, France and other countries visited Tsuiheng New District during a two-day promotional event in early November, organized by the local departments of foreign and overseas Chinese affairs and industry and commerce.

Tsuihang New District is located in the eastern region of Zhongshan as well as in the geographical center of the Pearl River Delta. It is a strategic "bridge" that connects the west and east bank of the Pearl River estuaries.

This district is bordered on the north by Nansha District in Guangzhou, the capital of Guangdong province, and on the south by Hengqin Free Trade Zone in Zhuhai, east of Qianhai Area in Shenzhen.

The delegation visited some of the strategic development projects already completed in the District, including the Sino-Swiss Industrial Park.

The park is located in the core region of Tsuiheng New District, covering an area of 7 square kilometers, and positioned to become a Sino-European-American synergetic development platform that is innovation-driven and technology-oriented with high-end industries, cultural integration and ecological demonstrations. By now, the park hosts 24 foreign projects, including from Germany's Fassmer-Marland, Switzerland's SSM and the United States' Poolpak.

By hosting this event, the Zhongshan government aims to attract more foreign investment to the district. According to a Market Entity Development Statistical Report released by Zhongshan Industry and Commerce Administration Bureau for the second quarter of 2017, there are 4,017 foreign investment companies registered in Zhongshan.

The report also shows that in the first half of 2017, Zhongshan has attracted 163 new foreign investment companies to register and set up their businesses in the city with a new foreign investment capital of $24.14 million.

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