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Govt approves Shenfu demonstration zone

Updated: Sep 21,2018 3:37 PM

An innovation demonstration zone in Shenfu New Area, Northeast China’s Liaoning province, received approval, according to a circular released by the State Council on Sept 21.

Shenfu’s innovation demonstration zone is required to follow the supply-side structural reform, implement a new round of revitalization strategy for the northeastern rust belt, promote institutional reform and innovation-driven development strategy, cultivate a modern industrial system, and push ahead with green and low-carbon development.

The zone aims to become a pioneer in reform and opening-up in China’s northeastern region, and exemplify regional practices in improving the business environment, innovative development and revitalization of Liaoning province, the circular stated.

The Liaoning provincial government should strengthen leadership in building Shenfu’s innovation demonstration zone, rolling out measures to ensure that targets are met on schedule.

Related State Council departments, especially the National Development and Reform Commission, should give guidance and support in the construction, according to the circular.