Under the "Policies Supporting Innovation and High-Quality Development of Industries" issued in 2022, the Zhangjiagang Free Trade Zone in Suzhou, East China's Jiangsu province has allocated 17.8 million yuan ($2.47 million) to local enterprises.
On July 24, a signing ceremony was held for the strategic cooperation between the Yangtze Metallurgical Industrial Park (YMIP) in Zhangjiagang and the Materials Academy of Jiangsu Industrial Technology Research Institute (JITRI).
Zhangjiagang Free Trade Zone is continuing to attract large numbers of foreign enterprises, establishing itself as a hub for open economy.
Zhangjiagang, a county-level city in Jiangsu province, has seen a boom in the hydrogen energy industry in recent years.
In the first two months of this year, Jin'gang Customs in Zhangjiagang, Suzhou, Jiangsu province oversaw the importation of 30,000 tons of cotton.
In recent years, a wave of domestic and international brands have opened their first stores in Zhangjiagang, boosting growth in consumption and offering consumers novel experiences.
In the recently-released 2022 Statistical Communiqué on National Economic and Social Development by the National Bureau of Statistics of China, Zhangjiagang was ranked third among all counties in terms of GDP.
The inauguration ceremony of the Zhangjiagang Association of Enterprises with Foreign Investment was held on April 12.