China (Yunnan) Pilot Free Trade Zone attracts foreign investors

KUALA LUMPUR, Sept 21 (Bernama) -- China (Yunnan) Pilot Free Trade Zone located in Yunnan Province in Southwestern China, has been attracting foreign investors with its proactive policies since establishment in August 2019.

According to a statement, the Yunnan Pilot FTZ is one of China’s first three FTZs located in China's border areas. It consists of three zones, namely the Kunming Zone, the Honghe Zone, and The Dehong Zone.

The Kunming Zone, located in Kunming City, focuses on the development of high-end manufacturing, aviation logistics, digital economy, base for corporate headquarters, and other industries.

Meanwhile, the Honghe Zone, located in Hekou County of Honghe Prefecture, Yunnan Province, focuses on the development of processing and trade, health services, cross-border tourism, and cross-border e-commerce.

The Dehong zone which is located in Ruili City of Dehong Prefecture, Yunnan Province, focuses on the development of cross-border e-commerce, cross-border production cooperation, cross-border finance, and other industries.

Since its establishment, the FTZ has been fuelling the opening-up and development of the entire Yunnan Province. From August 2019 to July 2022, 56,000 new enterprises were set up in the zone, accounting for around 12 per cent of the new enterprises set up in the province during this period.

In recent years, Yunnan has continued to implement policies to boost investment in high-quality industrial development and further increased support for leading industries and new business models.

Looking to the future, Yunnan Pilot FTZ will continue to engage in investment promotion and seek to attract major projects.

It welcomes all foreign investors to explore the many advantages of Yunnan FTZ as a strategic investment site and looks forward to deeper win-win cooperation that can benefit both businesses and the local economy.

-- BERNAMA