Nantong FTZ key indexes lead in Jiangsu province

According to the results of the performance assessment released by the China Free Trade Zone & Export Processing Zone Association for 2021, all indicators for the Nantong Free Trade Zone – located in Nantong city in East China's Jiangsu province – were above the average level of 21 comprehensive bonded zones in the province.

Of these, 14 indicators – including actual use of foreign investment, contractual use of foreign capital, and fixed investments – were among the top five in the province. 

The Nantong FTZ's foreign trade was worth 10.4 billion yuan ($1.64 billion) last year, up 30 percent year-on-year and exceeding10 billion yuan for the first time.

The value of R&D foreign trade was 32.95 million yuan, up 16 percent and remaining top in the province. The value of cross-border e-commerce bonded imports bought online topped 150 million yuan, ranking it first in Jiangsu.

According to officials, in the current year the Nantong FTZ will focus on the leading industries of the Nantong Economic & Technological Development Area – where it is located – and ensure that all projects are selected before entry.

In addition, it will push to develop a provincial cross-border e-commerce industrial park, based on  leading e-commerce platforms such as Tmall International and Cianiao that have settled there.