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Harbin FTZ establishes administration committee

Updated : 2019-10-12

By ( chinadaily.com.cn )

The administration committee of the Harbin Area of China (Heilongjiang) Free Trade Zone was established on Sept 28. Officials said it marked the beginning of the construction of the newly-approved economic development area.

FTZs serve as pioneers of the country's reform and opening up.

They test new styles of foreign investment management, trade facilitation and the transformation of government functions -- to better integrate the economy with international practices.

Heilongjiang in Northeast China got the green light to establish its own free trade zone from the State Council on Aug 26.

According to an implementation plan, the China (Heilongjiang) Pilot Free Trade Zone will cover an area of 119.85 square kilometers and comprises three areas: a 79.86 sq km Harbin area, 20 sq km Heihe area and the 19.99 sq km Suifenhe area.

The Harbin area in Heilongjiang’s capital city will focus on the development of strategic emerging industries and modern service industries -- such as new-generation information technology, new materials, high-end equipment, biomedicines, finance, winter sports and tourism.

It will serve as a platform for comprehensive cooperation between China and countries in Northeast Asia, officials said.

They added it will also create a growth pole and demonstration zone for the all-round revitalization of the Northeast Asia area.