Changchun paving way for Northeast Asian trade
By Wu Yong in Changchun | China Daily | Updated: 2012-09-28 07:50
A large-scale free trade zone is taking shape on the outskirts of Changchun, an industrial city in Northeast China, is aimed at supporting fledgling economic cooperation between China and the Democratic Peoples Republic of Korea.
With phase one due for completion at the end of this year, Changchun Xinglong Free Tax Zone, in Jilin province, is part of efforts to create an economic corridor through Northeast Asia. The total budget for the project is $495.14 million.
A storage area and customs building have already been completed on the 4.89 square kilometer site. Other infrastructure, including water and electricity supplies are under construction.
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