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)

Betting on Duchess Kate having twins suspended following tumbling odds Oct 1, 11:23 am
London, Oct 1 (ANI): The betting frenzy on the royal pregnancy has been suspended after punters betting on Kate Middleton having twins sent odds tumbling.
Full Story
Iran delays execution of woman accused of stabbing attempted rapist to death Oct 1, 10:28 am
Washington, Oct 01 (ANI): Iran has reportedly postponed the execution of a woman who was to be put to death on Tuesday for allegedly killing her attempted rapist.
Full Story
U.S. targetting groups, individuals linked to Lashkar-e Taiba, Harkatul Mujahedeen Oct 1, 10:28 am
Karachi, Oct 01 (ANI): The United States Treasury Department is targetting groups and individuals who are linked to the militant groups Lashkar-e-Taiba (LeT) and Harkatul Mujahedeen.
Full Story
New Afghan administration sign US security deal Oct 1, 9:45 am
London, Oct 01 (ANI): The new Afghan administration has reportedly signed a deal with the United States that will allow its troops to remain in the country beyond 2014.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY