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China Daily Website

Nansha New Area launched

Updated: 2012-09-13 14:56
( China Daily)

China has mapped out a new State-level development zone in South China's Guangdong province, the Shanghai Securities News reported on Wednesday.

As the country's sixth State-level New Area, the Nansha New Area is expected to get national support from a series of preferential policies and innovation reforms on tax policy, land management, financial innovation and industrial development.

The other zones are in Shanghai, Tianjin and Chongqing, as well as Zhejiang and Gansu provinces.

Nansha will have two commissions, which will lead the economic transformation and development of the Pearl River Delta and create a platform for cooperation with Hong Kong and Macao. The Nansha New Area will also explore ways for economic reform.

Nansha has a total area of 803 square kilometers, with a land area of 570 sq km, and water area of 233 sq km.