Ministry of Commerce website news on June 1, recently, the Ministry of Commerce and the China Development Bank signed the “Memorandum on Promoting Innovation and Promotion of National Economic and Technological Development Zones and Promoting High-Quality Development” to support national economic and technological development zones (hereinafter referred to as “National Economic Development Zone”) optimize industrial layout, expand urban functions, improve the quality of the ecological environment, and enhance the quality and benefits of development.

According to the memorandum, the two sides will focus on supporting national economic development zone old district renewal, industrial zone upgrade, international cooperation park construction, modern industrial system construction, etc. The bank will provide a total of not less than 100 billion yuan in funds in the next three years to support state-level economic development zones to optimize the investment environment, strengthen urban service functions, and raise the level of new urbanization.

According to the memorandum, in 2020, the National Development Bank will increase its The support of foreign-funded foreign-funded enterprises in the Economic Development Zone stabilized the capital chain and opened up the industrial chain to alleviate the liquidity difficulties caused by foreign-funded foreign-funded enterprises due to the impact of the epidemic.

(Originally titled “Ministry of Commerce and National Development Bank signed a memorandum of cooperation to promote innovation and promotion of national economic and technological development zones to promote high-quality development”)