On October 10th, the Changzhou Export Processing Zone and the Wujin Export Processing Zone were officially upgraded to Changzhou Comprehensive Bonded Zone and Wujin Comprehensive Bonded Zone respectively by a joint provincial inspection and assessment team, which marks a new stage of Changzhou’s economic growth. The joint team comprised officials from Nanjing Customs and relevant provincial government agencies. It was greeted by Mayor Fei Gaoyun and accompanied by Vice Mayor Fang Guoqiang.
Both Changzhou and Wujin Comprehensive Bonded Zones are among the seven newly-approved comprehensive bonded zones in Jiangsu Province this year. Featuring four major industry sectors like new energy materials, power equipment, advanced medical instruments and telecommunications equipment, the Changzhou Comprehensive Bonded Zone has attracted a total foreign investment of 480 million USD with a registered foreign investment of 243 million USD and an actually utilized foreign capital of 234 million USD. Powered by modern logistics and high-end manufacturing, it will seize all the opportunities presented by national, provincial and local policies and bring in key manufacturing projects.
With a focus on industries like electronic information, new lighting and new materials, the Wujin Comprehensive Bonded Zone has attracted an aggregate foreign investment of 528 million USD with an actually utilized foreign capital of 501 million USD. It will build itself into a local free trade zone.
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