Industrial park inaugurated for poverty alleviation
An industrial park jointly funded by Ningbo's Beilun district and Yanbian's Wangqing county is put into use in Wangqing county on Nov 19. [Photo/cnnb.com.cn]
An industrial park jointly funded by Ningbo's Beilun district and Yanbian's Wangqing county was officially put into use in Wangqing county on Nov 19.
The park is the first industrial park co-built by Ningbo and Yanbian that has been put into operation to date.
Ningbo was paired with Yanbian in Northeast China's Jilin province in 2017 under the east-west cooperation in poverty relief program launched by the central government, which sees more prosperous provinces and municipalities in East China lend support to underdeveloped regions of the country.
The park will primarily accommodate enterprises in health-related industries such as food, functional food and medical devices.
With a total investment of 236 million yuan ($34.2 million), the park has a planned area of 76,000 square meters. Its first phase will cost 120 million yuan, among which 100 million yuan is provided by Ningbo's Beilun district. It is now able to offer incubating services for 20 enterprises.
Wangqing county, where the industrial park is located, is rich in agricultural products and traditional Chinese medicine. The park is expected to fuel local economic growth, said Cao Minjie, an official from Ningbo who is serving as the deputy head of Wangqing county.
Since it was paired with Yanbian, Ningbo has allocated 855 million yuan in funds to support development in the city, benefiting 86,000 impoverished residents, official data show.
With the support of the east-west cooperation program, Wangqing county was officially removed from the national list of impoverished counties in April.