BIZCHINA / Investment Alerts
Friendly environment attracts investment
By Xiao Qiu (China Daily)
Updated: 2006-10-30 10:59
Thanks to its enhanced infrastructure development over the last three
years, the Yanghe Industrial Development Zone has seen rapid growth in
foreign investment.
The zone, located in the industrial city of Liuzhou in Southwest China's
Guangxi Zhuang Autonomous Region, has so far realized infrastructure
investment of more than 1.2 billion yuan (US$150 million) since its
establishment three years ago.
Currently, Yanghe Bridge, the western section of Yanghe'nan Road, the
eastern section of South Ring Road, Liushi Road and the northern section
of Yuejin Road, with investment of more than 1.1 billion yuan (US$137.5
million) have all been put into operation.
By the end of last year, the number of enterprises having begun
construction or production within the zone had increased to 30, sources
with the administrative committee said.
Latest official statistics show that a total of 48 enterprises, including
world-renowned names of Lear, Siemens and Atlas Copco, have signed
contracts with the zone's administrative committee to invest in the
Yanghe Auto Machinery Park, which is one of the major development parks
within the zone.
The contractual investment for these projects totals nearly 2.6 billion
yuan (US$325 million), with 20 enterprises having been put into
production so far.
The area also witnessed 17 more investment projects signed in the first
eight months of this year, with contractual investment reaching 614
million yuan (US$76.75 million), the zone's official website said.
Specifically, the Yanghe Industrial Park within the zone has seen a total
of six new land development projects signed during the first eight
months, with investment worth up to 447 million yuan (US$55.8 million).
In Yanghe Industrial Park, the number of investment contracts signed
during the period totalled five and combined contractual investment hit
120 million yuan (US$15 million).
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