BIZCHINA / Investment Alerts

Yuncheng rolls out red carpet for investors
By Jia Jingqi (China Daily)
Updated: 2006-07-25 14:05

With a batch of well-selected projects, Yuncheng is going to attract investors from both home and abroad at the 2006 Shanxi (Hong Kong) Investment Attraction Fair that opens today in the Hong Kong Special Administrative Region.

"It is the first time that Yuncheng and even Shanxi Province hold an investment promotion fair outside the province," Zhang Maocai, secretary of the Yuncheng Committee of the Communist Party of China, told China Daily in an exclusive interview.

Eleven major cities and prefectures of North China's Shanxi Province will showcase their projects for overseas investment at the fair that will last until July 27.
"Governments at various levels have attached great importance to this fair," Zhang said, adding that Yuncheng, which cherishes this great opportunity, has fully prepared for it.

Yuncheng, the southwestern gate of North China's Shanxi Province, is active in implementing the opening-up policy.

According to Zhang, the city has made strides in areas of agricultural processing, aluminium magnesium alloy production, precision casting, fine chemistry, modern logistics, water saving technology, disposal of garbage and sewage, as well as many advances in the cultural and tourism industries.

"And this time, there are more than 100 investment projects, with an emphasis on the service sector, infrastructure, public service, environmental protection, social work, and State-owned enterprise reform," Zhang said.

"We highly value this opportunity," Zhang said, adding that the hinterland city has to open up further, co-operate with developed areas such as Hong Kong, where capital, technologies, and talented human resources are concentrated, and get ready for industries to come in from outside of China.

"I believe the Hong Kong fair will inject new and robust momentum to Yuncheng's growth, which is also our main aim for this business trip."


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