The CEEC international Industrial Cooperation Park is inaugurated in Yuyao, a county-level city in Ningbo, on June 10. [Photo/cnnb.com.cn] 

The CEEC international Industrial Cooperation Park was inaugurated in Yuyao, a county-level city in Ningbo, on June 10, according to local media reports. 

Zhao Baige, vice-chair of the 12th NPC Foreign Affairs Committee, Zheng Shanjie, secretary of the CPC Ningbo Municipal Committee, Qiu Dongyao, mayor of Ningbo, and officials from CEEC countries such as Serbia, Slovakia, Bosnia and Herzegovina, Bulgaria, Hungary, Poland, Latvia, and Slovenia attended the inauguration ceremony. 

Ningbo is an important advanced manufacturing center with a solid industrial foundation, complete industrial system, and strong entrepreneurial and innovative environment, Zhao said. 

She expressed hope that all involved parties would make concerted efforts to accelerate construction on the project and turn it into a model for China-CEEC cooperation and contribute more to the Belt and Road Initiative.

Mayor Qiu Dongyao also called for efforts to start building the park as soon as possible, expressing hope that participants would visit Ningbo and make efforts to strengthen ties between Ningbo and the CEEC. 

He promised that the Ningbo government would do its best to provide high-quality services and create a congenial environment for investors in the city. 

The park, located in Qianwan New District, is expected to cover an area of 40 square kilometers. The Ningbo CEEC (Budapest) Innovation Center, which is designed as a comprehensive entrepreneurship service platform and offshore incubation base, will be established in the park.

The ceremony also saw the signing of 15 investment projects with a combined cost of 7.07 billion yuan ($1.024 billion) to be established in the park. Investors are based in countries such as Slovenia and Serbia.