In 2020, the economic operation of the Jiangbei integrated development area in Harbin New Zone showed an upward trend despite the impact of the COVID-19 outbreak.

It is estimated that the regional GDP increased by more than 3 percent year-on-year, the fixed asset investment increased by about 20 percent, and the general public budget revenue increased by more than 10 percent.

The Harbin zone signed 88 project contracts throughout the year, with a total agreed investment of 126.2 billion yuan.

Four projects, each with an investment amount of more than 10 billion yuan, were introduced and began construction last year. The Shenzhen-Harbin Financial Technology City project was among them.

Meanwhile, all 68 key projects at the provincial and municipal levels started or resumed construction.

Among them, 33 provincial key projects received a total investment of 14.38 billion yuan, with an investment completion rate of 125.7 percent.

Additionally, the Harbin area of China Heilongjiang Pilot Free Trade Zone, which is part of the Jiangbei integrated development area in Harbin New Zone, introduced 202 pilot reform experiences from other domestic pilot free trade zones. It also innovatively launched 46 pilot reform cases and submitted four items for national review.

Since the Harbin free trade zone was approved in 2019, 5,622 new enterprises have registered in the zone, a year-on-year increase of 37.7 percent. Meanwhile, newly registered foreign-funded enterprises have increased by 25 percent year-on-year.