Yanbian eyes future investment
By Te Kan (China Daily)
Updated: 2006-09-28 09:02
The Yanbian Korean Autonomous Prefecture is located in the east of Northeast
China's Jilin Province, bordering Russia on the east and the Democratic People's
Republic of Korea (DPRK) on the south.
The prefecture has an area of
42,700 square kilometres, accounting for about one fourth of the province's
total area, and a population of 2.18 million, of which 820,000 are Korean ethnic
people (37 per cent of the prefecture's total).
As one of the country's
major forest regions, the prefecture has forest coverage of 78.2 per cent and a
forest area of 3.472 million hectares.
The prefecture has abundant
reserves of mineral resources. Its proved coal reserves reach more than 1
billion tons and its oil reserves account for more than 100 million
tons.
With 487 rivers running in the prefecture, the prefecture has
established 34 hydropower stations.
Located at the foot of the Changbai
Mountain, the prefecture has more than 1,500 wild plants and 200 wild
animals.
Ginseng, antler and marten, the famous "Three Treasures of
Northeast China," are abundant in the prefecture.
Located in the "golden
triangle" among China, Russia and the DPRK, the Yanbian Prefecture has a unique
advantage for border trade and distribution.
It has 11 ports: eight open
to DPRK, two open to Russia and one international airport, receiving 5 million
tons of goods and 1 million passengers every year.
Efforts to attract
investment
In recent years, the prefecture government has made constant
efforts to promote foreign and domestic investment, especially in its pillar
industries, such as medicine, food, papermaking, mineral resources and
tourism.
In the past three years, the prefecture has organized more than
20 economic and trade delegations to go out to invite investment.
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