Nanjing, the capital city of Jiangsu Province. It was the national capital for 6 past dynasties thousands of years ago.
Nanjing Economic and Technological Development Zone was established in March 1992 with approval from the State Council in 2002 . It has won the first place among provisional development zone for several years and was praised as “Leading Development Zone"for multiple times. In 2019, the park’s manufacture value hit 55.2 billion yuan, which is 10% higher than 2018. In first half of 2019 alone, the zone attracted 60 contracted cases. By the end of 2019, over 400 foreign-funded enterprises had been set up in the zone, with utilized FDI reaching 60 billion. In first half of 2019 alone, the zone attracted 60 contracted cases.
Three competitive industries – optical display, high-end equipment and biopharmacy – contribute more than two thirds of the zone’s GDP, with an output value of nearly 300 billion yuan ($43.2 billion). Other major industries encouraged in the zone are artificial intelligence, electronic precision manufacturing and software, LG Philips, the world’s leading maker of LCD modules, established its first offshore manufacturing base in the zone with an initial investment of US$77 million.