Yangtze River Delta, vanguard of China's fast-forward opening-up
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E-mail Xinhua, December 16, 2019
A parlor for the world
With a lower threshold for market access, free flow of talent and more business-friendly measures, the Yangtze River Delta region is turning into a meeting hall for global investors.
"Obviously, it's one of the most important partners for Czech companies and for the Czech Republic," said Richard Krpac, consul general of the Czech Republic in Shanghai, who also noted that more than 100 Czech companies have already invested in the region.
By hosting more than 130 international conferences last year, the region topped the list among China's three major city clusters, data from the International Congress and Convention Association showed.
Shanghai and Hangzhou became the 2nd and 3rd hottest destination cities in China for international conferences, with 82 and 28 meetings held in 2018 respectively.
Li Wei, vice director of the Yangtze River Delta and Yangtze River Economic Belt Research Center under the Shanghai Academy of Social Sciences, said the region is quickening its pace of being a functional platform for the interconnection and integration of global elements and resources.
"We saw a lot of new products, technologies and services make their debuts in Shanghai at the China International Import Expo (CIIE)," Li said, noting that the CIIE has become a platform to promote global multilateral trade.
The trade mission of the Yangtze River Delta region was a shining star during the 2nd CIIE held in November, with more than 40,000 purchasers from Zhejiang making orders worth nearly 10 billion yuan (about 1.43 billion U.S. dollars).
The Yangtze River Delta cities, represented by Shanghai, Hangzhou and Nanjing, are gateways of the Asian-Pacific region and a showcase of China's opening up, said Yang Xiangdong, vice head of the Zhejiang-based Yangtze Delta Region Institute of Tsinghua University.
He also noted that the region enjoys exceptional advantages such as a solid industrial foundation, China's huge domestic market and reform and opening-up policies.
"As the Yangtze River Delta further integrates, a world-class city cluster is on the rise," Yang said.
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