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Shenyang symposium promotes steel city
(Xinhua)
Updated: 2004-04-27 10:48
China's "steel capital", Anshan City in Northeast China's Liaoning Province,
became the hot spot for businessmen from home and overseas at the 2004 China
Anshan International Economic and Trade Symposium which was opened in Shenyang
Sunday.
"Anshan city is the first target of our investment during China's great move
to rejuvenate its Northeast, the old industrial base of China," said Mao
Keqiang, chairman of Northern American Enterprises Investment Group.
As the center of China's northeastern old industrial base, Anshan is famous
for its abundant ore resources. So far, 51 ore types have been discovered in
Anshan and 37 are under exploitation.
Anshan boasts one-fourth of China's iron ore storage, 80 percent of China's
magnesite storage, or one-fourth of the world's total and 40 percent of China's
talc content.
Moreover, Anshan is also a city famous for its unique tourism resources. In
Qianshan Mountains east of Anshan, a mountain with a naturally formed stone
Buddha has attracted Buddhists from home and overseas.
An eight-meter tall jade Buddha sculpted entirely from jade and weighing
260.76 tons is another marvel of Anshan and was listed in the Guinness Book of
Records in 2002.
As China's iron and steel industry base, Anshan had been a city both thriving
and dependent on the iron and steel industry with an annual iron and steel
output covering over half of the country's total yield.
But with the decline of northeast China's old industrial base, the
development of Anshan city had been retarded because of its single economic
structure and backward enterprise system.
With the launch of rejuvenating the northeast China by the Chinese government
this year, the Anshan municipal government has been trying to seize this
opportunity to develop.
More than 400 businessmen from 32 countries and regions attended the
international trade and economic symposium, which is the overture to the fifth
Qianshan International Tourism Festival of Anshan due to open on Tuesday.
At the opening ceremony of the symposium, 14 contracts were signed with a
total investment of US$485 million, including US$180 million of foreign direct
investment.
"We chose Anshan for its abundant magnesite resources," said Dr Gerd Boesken
from German Asia-Pacific Economy Management Institute (GAPEMI).
In the contract signed by GAPEMI, Haicheng, a city under Anshan, and the
China Academy of Sciences, a project to exploit magnesite will be launched with
US$40 million of investment, of which US$30 million is from GAPEMI.
"China's move to rejuvenate its old industrial base will bring the whole
country forward together and improve the practical exchange of technology,
products and market between China and overseas," said Dr. Boesken.
"I'm confident Anshan will become a resort for tourists from all around the
world and they will come to spend their winter holidays in Anshan," said
Paunveig Hallvardsdottir, chairwoman of the board of Iceland Aiken Commerce and
Trade Company. The company plans to invest US$2.7 million to build a ski resort
in Anshan.
For Zhang Jiehui, mayor of Anshan, the secret for Anshan to take the lead in
China's move to rejuvenate the old industrial base is to build a good investment
environment, including construction of local culture, legal system and
administration efficiency.
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