BIZCHINA / Investment Alerts

High growth in investment predicted
By Bian Yi (China Daily)
Updated: 2006-06-29 11:16

Northeast China's Heilongjiang Province is revving up for greater growth in trade and investment, said a top commerce official.

As the utmost northern province, Heilongjiang has close trade ties with its neighbouring countries, such as Russia, Japan, the Republic of Korea, the Democratic People's Republic of Korea and Mongolia.


Harbin, capital city of Heilongjiang Province. [baidu.com]

"To develop border trade and investment is always on top of the development agenda in the local government's development strategy," said a senior official of the Heilongjiang Provincial Department of Commerce.

The abundant natural resources in adjacent Russia are what Heilongjiang needs for its rapid development.

Statistics from the department show that Heilongjiang has accumulatively imported 2.24 million tons of crude oil, 2.05 million tons of paper pulp, over 35 million cubic metres of timber and 810,000 tons of steel from Russia during the past five years.


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