NETDA and CETC join forces for offshore economic development

In a significant collaboration, the Nantong Economic and Technological Development Area has inked agreements with Empowtech Capital, a controlled company of China Electronics Technology Group Corporation Limited (CETC) on two major projects. 

The first project, an offshore industrial park, boasts a substantial investment of around 30 billion yuan ($4.2 billion), while the second project involves the establishment of a high-end equipment hub for offshore green energy, with a total investment of 10 billion yuan. 

Zhang Tong, the mayor of Nantong, lauded the partnerships as a step forward in the city's plan to become a robust offshore economy, emphasizing the ongoing implementation of accelerated ocean development. Encouraging CETC to leverage the potential of the integrated development of the Yangtze River Delta, Zhang highlighted the pivotal role these projects play in the making of a new offshore economy. The collaboration signals a promising venture, injecting vitality into the city's pursuit of an accelerating economic development.