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NE China to Focus on Export Processing Industry
The recently established Huichun Export Processing Zone (HEPZ) in northeast China's Jilin Province will play a crucial role in the development of the Tumen River area on the border of China, the Democratic People's Republic of Korea, and Russia.
Sui Qingjiang, secretary of the Huichun City Committee of the Communist Party of China, said HEPZ is part of the effort of the Chinese government to accelerate the export processing industry in northeast China.
Sui said the HEPZ will mainly deal in labor-intensive and resource-intensive processing industries, including light industrial products, food and clothing and Chinese traditional medicines. It will also produce high-tech electronic and telecom elements with high added values.
Huichun owns four ports to Russia and the DPRK, and HEPZ is close to a Sino-Russian railway station. It will save one-third of time to transport cargo to the Republic of Korea or Japan through Huichun than through Dalian, thus lowering the cost by 40 percent.
The city has so far opened land or sea transport lines to Busan of the Republic of Korea, Zarubino of Russia and Seattle of the United States.
Sui said that over 10 enterprises from at home and abroad have settled down in the HEPZ and about 40 other enterprises have signed letters of intention with the zone. The HEPZ's volume of export processing is expected to exceed 150 million U.S. dollars in four years.
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