Sichuan to build 4 parks for intl, regional cooperation

CHENGDU -- Southwest China's Sichuan province plans to build four industrial parks for boosting international and regional cooperation by 2023, according to the local government.

The province plans to improve the level of foreign investments by introducing more foreign companies to the parks and encouraging them to contribute to the operation of the parks, according to a 2020-2023 plan released by the provincial government.

Foreign investment in these parks is expected to increase two-fold compared with the level in 2019, the plan said.

Sichuan now has 16 industrial parks with cooperation ties with multiple countries and regions including France, Germany, the Republic of Korea, and Italy.