Lin-gang key to high-quality development

Lin-gang Special Area's 3-year achievements by the numbers

I. Higher level opening-up

(1) 87 systematic innovative projects

(2) 64,000 newly registered companies

(3) 200 newly registered shipping companies

(4) 1.3 trillion yuan ($190.2 billion) in cross-border renminbi settlement

(5) Industrial investment system worth 283 billion yuan set up in Lin-gang

II. High-quality development

(1) Average annual GDP growth rate in Lin-gang: 21.3 percent

(2) Total amount of fixed asset investment: 220 billion yuan; annual growth rate: 43 percent

(3) 1,196 signed projects, total investment exceeding 650 billion yuan

(4) 20 technologically innovative platforms, incubators established

(5) 549 km of open roads for testing autonomous vehicles

III. Higher management efficiency

(1) Market entity registration period shortened by 85 percent

(2) Patent authorization period for qualified projects shortened from 3 years to 3 months

(3) 1.17 billion yuan in tax cuts for companies from integrated circuits, artificial intelligence, bio-medicine and aviation industries

Source: Lin-gang Special Area administrative committee