China approves international border cooperation zone

   Apr 25, 4:22 pm

Beijing, April 25 (Xinhua-ANI): The Chinese government announced Wednesday that it has approved the establishment of an international cooperative demonstration zone in northeast Jilin province to boost cross-border cooperation in the region.

In a document posted on the central government's official website, the State Council said the zone is expected to expand investment cooperation in northeast Asian regions.

Located in the port city of Hunchun, the demonstration zone will cover 90 square km and include an international industrial cooperation zone, a border trade cooperation zone and economic cooperation zones-one between China and the Democratic People's Republic of Korea (DPRK) and another between China and Russia, it said.

The demonstration zone will focus on the development of local manufacturing and processing industries, including those for auto parts, agricultural and animal products, seafood, new materials, medicines, textiles and garments, the document said.

The Tumen River in Hunchun straddles the borders of China, Russia and the DPRK. In 1992, China, Russia, the DPRK, the Republic of Korea (ROK) and Mongolia launched a joint development project in the Tumen River area, a move made to strengthen regional cooperation in the area.

The State Council has called for more efforts to boost the construction of Sino-DPRK and Sino-Russia international transit corridors and promote cross-border economic cooperation between China and the two countries.

More supporting policies, including fiscal and taxation support, will be implemented to encourage the development of new energy, new material equipment manufacturing and other projects in the demonstration zone, according to the State Council.

The construction of the demonstration zone will also make border regions more open to the outside and strengthen the social and economic development of local areas, the document said. (Xinhua-ANI)

Pak, India set to open banks across border in 'historic' move Jul 5, 6:09 pm
Karachi, July 5 (ANI): Pakistan's and India's banks are set to open branches in each other's countries soon in a historic move aimed at normalising trade relations, business tycoon Mian Mansha said.
Full Story
US-led coalition airstrikes kill 10 ISIS militants in Syria's Raqqa Jul 5, 4:59 pm
New York, July 5 (ANI): A series of air strikes carried out by the U.S.-led coalition in the Islamic State of Iraq and Syria (ISIS) stronghold of Raqqa in eastern Syria has killed at least 10 of the group's members and injured many others.
Full Story
Every passing day brings greater concessions to Iran in nuke talks: Netanyahu Jul 5, 4:40 pm
New York, July 5 (ANI): Israel's Prime Minister Benjamin Netanyahu has warned that every passing day brings greater western concessions towards Iran in the ongoing nuclear talks.
Full Story
Princess Charlotte to be baptised in presence of Queen Jul 5, 4:40 pm
London, July 5 (ANI): Prince William and Kate Middleton's newly born child Princess Charlotte will soon have a christening ceremony at the Church of St. Mary Magdalene in Sandringham, which will be attended by the Queen.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY