The Ganzhou Hongxiang Electrocar Co in Jiangxi has committed itself to an industry that runs on greener energy. (PHOTO PROVIDED TO CHINA DAILY)
The Ganjiang River New Area in Jiangxi province is exploring a unique path of green development in which innovation comes first.
Established less than two years ago, the new area has become an innovation hub in central China with six leading high-tech industries in optoelectronic information, smart equipment, new energy and material, biomedicine, organic silicon and modern light textiles.
Liu Qi, governor of Jiangxi province, said the 465-squarekilometer area has the potential to be a “blue-chip stock”.
The Ganjiang River New Area is the 18th of its kind in the country. Compared with its counterparts, the new area in the northern part of Nanchang, the capital city of Jiangxi province, has three distinct advantages, said Hu Youtao, vice-chairman of the Chinese People’s Political Consultative Conference of Jiangxi Province.
It enjoys convenient transportation, especially under an on-going provincial plan to build a large-scale integrated transportation hub inside the area, he explained.
Hu also noted that with a national-level development zone and four provincial-level industrial parks, the new area is a cluster of industries with strong competitiveness at home and abroad.
In terms of policy, it has been given “maximum autonomy” in making decisions on development, reform and innovation, Hu added.
With a streamlined administration structure which saves time and money, the new area has attracted a number of entrepreneurial platforms to start their businesses. The country’s mobile service giants — China Mobile Communication Corp and China Telecommunications Corp — have set up their big data centers there.
The new area also has a focus on green finance to achieve sustainable development. Last year, it was approved to be one of the five national reform and innovation pilot zones of green finance. Nearly 100 financial companies have been established in the area, where the ecology of green finance has been formed initially.
Benefiting from the innovative push, some 308 contracts of projects worth 197 billion yuan (US$31 billion) were signed in the area in 2017, with US$972 million being foreign capital.