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Construction of the Karot hydropower project in Pakistan, China's first overseas hydropower program to use its own technology and standards, is expected to finish in two years and start power generation by April 2021, according to its developer China Three Gorges Corp.

Covering an area of 119.95 square kilometers, the Shaanxi FTZ includes three areas. The central area focuses on developing strategic new industries and high-tech industries, including high-end manufacturing, logistics, trade and finance; the international port area highlights international trade, modern logistics, financial services, tourism and exhibitions, as well as e-commerce. The Yangling area mainly covers innovation in the agriculture sector.

Consumers visit an exhibition of new energy vehicles in Nanjing, Jiangsu province, in March. [Photo by Cheng Jiabei/For China Daily]

Contributions by the private sector account for 34 percent of university R&D budgets in China, while companies contribute less than 5 percent in the US.

Covering 150,000 square meters, the projected plant will be in the Nangang industrial area in Tianjin's Binhai New Area.