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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