A conference on 2023 Key Factors Bridging Conference on High-Quality Development of the G60 Science and Technology Innovation Valley of Yangtze River Delta was recently held in Shanghai as part of the 6th China International Import Expo (CIIE).
In addition, the valley is a vital component of the region's development, serving as a pioneer in the area of technological and industrial innovation, which contributes to the mutual success of market participants in the region.

It is named after the expressway, G60, which runs through several of the Yangtze River Delta's largest cities. In total, there are nine cities and districts within the valley, including Songjiang District in Shanghai, Suzhou City in Jiangsu Province, Hangzhou, Huzhou, Jiaxing, and Jinhua in the Zhejiang Province, as well as Hefei, Wuhu, and Xuancheng in Anhui Province, which cover 76,200 square kilometers.
There is no doubt that in the past five years, these cities have consistently adhered to the promotion of high-quality development through the high-level openings of their economies. 
Newly registered capital for foreign-funded enterprises increased by 25 percent, the utilization of foreign capital grew by 54.5 percent, and the import and export volume reached 3.8 trillion U.S. dollars, representing an increase of 25 percent.
In the first three quarters of this year, the total investment in projects landed in these cities amounted to 1.29 trillion yuan. As a result of the increase in foreign capital contracted by Songjiang this year compared to the same period last year, Songjiang has set a new historical record.
It further aims to cultivate strategic emerging industries in the valley through the development of sci-tech innovative capabilities and industrial development. 
It takes into account that in Songjiang, the output value of strategic new industries accounts for more than 60 percent of the output value of industrial enterprises above the designated size, and the intensity of research and development investment has risen to 6.79 percent.
It is also a distinctive feature of this valley that it focuses on integration and high quality to build an international first-class science and innovation ecosystem, which provides ample space for the robust growth of sci-tech innovation companies.
The original link can be found at: https://en.imsilkroad.com/p/337290.html
THE SOURCE IS Xinhua Silk Road
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