China approves industrial parks for ROK investment

Updated 2017-12-16 11:30:33 Xinhua

China has approved three industrial parks in coastal areas to facilitate investment from the Republic of Korea (ROK).

The new projects, based on existing economic zones in Jiangsu, Shandong and Guangdong provinces respectively, are designed to expand cooperation in high-end industries and improve bilateral economic ties, according to a State Council document published Friday.

The government hopes the industrial parks can cast a new light on the country's innovation drive strategy, comprehensive opening up, and the Belt and Road Initiative.

The China-ROK industrial parks are part of the results of a bilateral free trade agreement that took effect two years ago. The two countries are preparing for a new round of talks focused on services and investment.

So far, there have been 63,000 ROK-funded projects in China with total investment of more than 71.6 billion U.S. dollars.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 13 2018 09:39:07

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 13 2018 09:39:07

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 13 2018 09:39:07

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords