China-Indonesia 'Two Countries, Twin Parks' project attracting more investors

The Yuanhong Investment Zone has emerged as a crucial gateway to China for bulk food ingredients from Indonesia. [Photo/Fuzhou Daily]

The China-Indonesia "Two Countries, Twin Parks" project, a flagship project under the Belt and Road Initiative, has achieved great success in promoting and attracting investment.

The project fosters bilateral cooperation and is centered on establishing key industrial parks such as the Yuanhong Investment Zone in Fuzhou, capital of Fujian province, and in Indonesia. The parks have seen a number of new projects recently.

Several projects are set to be established in the Indonesian park, such as the production line of a new energy material processing enterprise and the second fishery base of a global marine fishery center, which was jointly established by both China and Indonesia. The base is expected to be completed and put into operation in 2024.

In the Yuanhong Investment Zone, which aims to become a world-class park, Wanye Saneheld (Fujian) Investment Co Ltd, established by Fujian-based Saneheld Food and Indonesia's Sanlim Group, is currently going through industrial and commercial registration procedures.

In addition, Dr Lin Jianer, chief scientist of Changtai Biotechnology, plans to establish the new nanobody drug project in Yuanhong. Research and development work on the new drug has been completed and it is currently being preparing for clinical trial application.

The city of Fuzhou has adopted innovative measures to attract more investors to the Chinese park. This includes creating an investment map and holding investment promotion activities.

The Yuanhong International Food Exhibition and Trading Center in Fuzhou is building the largest cold-chain storage base in the country. [Photo/Fuzhou Daily]