- Xinhua Silk Road: The Valley of Innovation C
BEIJING, Nov. 22, 2023/PRNewswire/ -- The Bridge Conference on Key Factors on High-Quality Development of the 2023 G60 Yangtze River Delta Science and Technology Innovation Valley was recently held in Shanghai at the 6th International Exhibition of China Imports (CIIE).
The valley powers the region's high-quality development, serving as a pioneer in technological and industrial innovation, helping market participants achieve mutual success.
The valley is named after a highway, G60, which runs through several cities in the Yangtze River Delta. The valley refers to the nine cities and districts, including Songjiang District of Shanghai, Suzhou City of Jiangsu Province, Hangzhou, Huzhou, Jiaxing, Jinhua of Zhejiang Province and Hefei, Wuhu and Xuancheng of Province Anhui, with a total area of 76,200 square kilometers.
Over the past five years, these cities have consistently adhered to promoting high-quality development through high-level openness.
The newly registered capital of foreign-funded enterprises increased by 25 percent, the utilization of foreign capital grew by 54.5 percent, and the volume of imports and exports reached 3.8 billion US dollars.
In the first three quarters of this year, the total investment in projects landed in these cities amounted to 1.29 billion yuan. This year, Songjiang's foreign capital contracted increased by 62.4 percent compared with the same period last year, setting a new all-time high.
Additionally, the valley targets innovative capabilities in science and technology and industrial development to cultivate strategic emerging industries.
In Songjiang, the production value of new strategic industries accounts for more than 60 percent of the production value of industrial enterprises above the designated size, and the intensity of research and development investment has increased to 6.79 percent .
Furthermore, the valley focuses on integration and high quality to build a first-class international science and innovation ecosystem, providing ample space for the strong growth of science and technology innovation entities.
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