Anhui pilot FTZ inaugurated

Updated:Sep 25,2020 10:06 AM

The China (Anhui) Pilot Free Trade Zone was inaugurated on Thursday.

The zone functions as a major platform for East China’s Anhui province to serve the country's open development strategy, and also helps improve the province’s open economy.

The Anhui pilot FTZ will promote in-depth integration of scientific and technological innovation and the development of the real economy, accelerate the pace of its pioneering role in scientific and technological innovation and the cluster development of advanced manufacturing and strategic emerging industries, and promote the integrated development of the Yangtze River Delta, according to a plan issued by the State Council, China’s cabinet.

Covering a total area of 119.86 sqm, the zone falls into three parts: the Hefei Area, the Wuhu Area and the Bengbu Area.

The Hefei Area, covering an area of 64.95 sqm, focuses on developing high-end manufacturing, integrated circuits, artificial intelligence, new display, quantum information, tech-finance and cross-border e-commerce.

The 35-sqm Wuhu Area focuses on developing intelligent networked vehicles, smart home appliances, aviation, robotics, shipping services and cross-border e-commerce.

The 19.91-sqm Bengbu Area focuses on developing silicon-based new materials, bio-based new materials and new energy.

The State Council released plans for the establishment of pilot free trade zones in Beijing, Anhui and Hunan on Monday, bringing the number of the country’s FTZs to 21.