Nanjing-style Development
Export-oriented economy
By Lan Xuan
Updated: 2009-11-30 15:26
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To date, the Nanjing government has approved more than 10,000 foreign investment projects, generating a trade volume in excess of $70 billion.
Foreign investment has been a key driving force in Nanjing's economic development, according to local officials. Recent years have seen foreign economic and technical cooperation achieve considerable momentum in Nanjing.
In 2006, Nanjing was recognized as one of China's primary National Service Outsourcing Demonstration Cities. A number of the citiy's regions and development zones - notably Gulou, Xuanwu, Yuhuatai districts, Nanjing High-tech Economic Development Area and the Jiangning Economic Development Area - were also designated as China's service outsourcing industry demonstration areas.
Currently, there are 500 service outsourcing companies in Nanjing. In 2008, the total trade volume from the sector reached $800 million, representing some 13.6 percent of the total national trade volume of the service outsourcing industry.
(China Daily 11/30/2009 page13)
