Projects proposed for strategic investors
By Lao Ji (China Daily)
Updated: 2006-10-30 10:52
According to Nanning Mayor Lin Guoqiang, the investment and trade fair is
part of the city's strategy to secure both domestic and foreign investments and
the city is gearing up its efforts to attract many more investors in the coming
years.
Lin said the city is particularly interested in massive investment
projects and is encouraging the world's top 500 companies, as well as the
nation's top 500 companies to invest in Nanning.
He said that Nanning is
beefing up efforts to improve the infrastructure of its economic and
technological development zone, its new and high-tech industrial development
zone, as well as other industrial parks in the city.
And the city will
improve services for investors.
He said that Nanning enjoys unique
geographical advantages that will hopefully lure ASEAN investors as well as
those from Hong Kong, Macao and the economic boomtowns of the Pearl River Delta
in the neighbouring province of Guangdong.
The mayor said that Nanning
has seen the fastest growth of capital input in the past five years with
contractual domestic investment reaching 34.37 billion yuan (US$4.24 billion) in
2005, which represents annual growth of 56.5 per cent from the 5.73 billion yuan
(US$706.54 million) in 2001.
And the contractual foreign investment the
city secured in 2005 was worth US$359 million, an annual rise of 22.33 per cent
from US$160.31 million in 2001.
Total contractual domestic investment the
city secured totalled 84.86 billion yuan (US$10.46 billion) from 2001 to 2005;
and foreign investments of US$1.23 billion.
Citing the statistics, he
said, the city actually used domestic capital input of 38.64 billion yuan
(US$4.76 billion) in the five years; and foreign capital input of US$443.84
million.
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