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Taizhou Bay New Area inaugurated

(chinadaily.com.cn) Updated : 2020-08-20

The industrial clusters of drones, automobiles and auto parts, as well as sewing machines have taken shape in the area.

The unmanned aerial vehicle CH-4, or "Caihong (Rainbow) 4", developed by China Aerospace Science and Technology Corporation, rolled off the line in the area on July 14. 

With a total investment of 2.1 billion yuan, a general aviation industrial park funded by Beijing University of Aeronautics and Astronautics also started construction in June.

In addition, a large number of innovation platforms have also been set up in Taizhou Bay New Area, including the Taizhou Center of the Chinese Academy of Sciences and the Taizhou Innovation Center of Tsinghua University in the Yangtze River Delta.

In the future, the area plans to bring in more investments in sectors like high-end equipment, machinery manufacturing, biomedicine, new energy, new materials, and digital economy.

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