Qingyuan emerges as a growing hotspot for investment
By Lao Zhanji (China Daily)Updated: 2006-11-15 11:04 The city of Qingyuan has become a hotspot for investors, thanks to the municipal authorities' strategy to take advantage of the opportunities arising from industrial transfer, their efforts to improve investment climate, as well as the city's own advantages in geographical location, mineral resources and human resources.
The city secured contractual foreign investment of US$546 million in the January-September period of this year, a growth of 36.38 per cent compared with the same period last year; actually committed foreign capital was US$219 million in the first three quarters of this year, a surge of 91 per cent from a year ago, official statistics indicate.
Qingyuan saw the establishment of 148 foreign-invested projects in 2005, involving contractual foreign investment of US$644 million and actual foreign capital of US$174 million, which represents a rise of 49.71 per cent and 114.19 per cent respectively from 2004.
A recent event that reflects Qianyuan's growing popularity among investors is a grand ceremony held by municipal authorities in April to celebrate the contract signing, launch and operation of 350 projects in the city, which involved a total capital input of 76.5 billion yuan (US$9.43 billion).
"A growing number of massive investment projects have been established in our
city and a growing number of investors have been expanding their investments
here in the past few years," noted Chen Jiaji, mayor of Qingyuan. "That means
our strategy to attract foreign investors is effective and our efforts to
improve the investment climate have been paying off."
| 1 | 2 | 3 |  |
(For more biz stories, please visit Industry Updates)
| ||