NETDA unveils development goals for 2023

Authorities of the Nantong Economic and Technological Development Area (NETDA) in East China's Jiangsu province published this year's development goals for its comprehensive bonded zone on Feb 10.

One of the goals is having the value of the zone's imports and exports reach 18 billion yuan ($2.63 billion).

The zone, which is currently home to cross-border e-commerce giants like Tmall, Douyin, Kuaishou, Pinduoduo and Meituan, is also looking to have its imports and exports of cross-border e-commerce total 300 million yuan this year.

Authorities will focus their efforts on bolstering the zone's pillar industries such as new energy, healthcare as well as its emerging sectors like cross-border e-commerce, research and development of high-tech projects, and logistics.

The zone is also planning to secure six projects with an investment of more than 500 million yuan each and utilize $20 million in foreign capital this year.