Home>News Center>China
       
 

More foreign investment comes to vast west
By Fu Jin (China Daily)
Updated: 2004-11-17 21:47

Overseas investors have shown great enthusiasm in the country's western region this year with a batch of projects worth millions of dollars being established.

Foreign direct investment (FDI) in western China is expected to reach US$3 billion by the end of this year, a 70 per cent increase compared to last year, said Du Ping, department director of the Office for Western Region Development of the State Council.

"Compared with previous years, this year we are expecting to achieve great success in attracting foreign investment," Du said at yesterday's press conference held before the two-day Western Forum of China 2004, which starts today in Nanning.

Du said 18 projects with a total investment of about US$2 billion from multinational companies, including chip maker Intel, will be put into operation by the end of this year in the nation's western areas, with most being in high value-added industries.

The projects will contribute to the upgrading of industry and improve the infrastructure situation in the region as they focused on information technology, clean energy, and environmental protection.

The official also said the government will continue its national strategy to develop western regions.

He said the ongoing macro-control measures, aiming at cooling down some over-heated industries, will not slow down the development of the western region.

However, Du said the western region's ability to attract foreign investment remains weak, as statistics from the National Development and Reforms Commission show that the FDI in China's western areas accounts for only 3.2 per cent of the total national FDI, more 2 percentages points down compared with the figure in 2000.

In the past few years, foreign investment was mainly concentrated in manufacturing industries, in which the coastal region enjoyed a geographical advantage because enterprises in this area spend less time and money transporting materials and products between factories and overseas markets.

"Therefore, despite some favourable policies in the western region, most overseas enterprises took the eastern region as their priority," he said.

The Western Forum of China 2004 will attract over 300 domestic and overseas representatives, including high-ranking government officials, foreign diplomatic envoys in China, heads of enterprises in the western region, overseas investors and economists.

Representatives will discuss four main topics at the forum: agriculture in the region, new patterns of industrialization, competitive service industries, and co-operation between eastern and western China.

The first such forum, held in Chengdu, Sichuan Province, in 2000, focused on the relationship between governments and the market mechanism in western China; and the second, held in Xi'an, Shaanxi Province, in 2001, concentrated on improving the investment environment in China's western regions.



 
  Today's Top News     Top China News
 

Steel giant may be moved out of Beijing

 

   
 

Beijing may get Yangtze water by 2010

 

   
 

Economic growth on stable upward curve

 

   
 

Overseas Chinese allowed to tranfer assets

 

   
 

Bush names hawkish Rice top US diplomat

 

   
 

APEC leaders to put more zip into WTO talks

 

   
  US warned: Be aware of Chen's dirty tricks
   
  China, Argentina sign 5 cooperation documents
   
  Mystery virus strikes HK children
   
  Greenpeace says logging illegal
   
  Steel giant may be moved out of Beijing
   
  Gov't moves to comply with Kyoto
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Urban investment growth slows down
   
Foreign investment soars in 10 months
   
Foreign investment soars in 10 months
   
State assures deposit safety
   
Overseas investment encouraged with loans
   
Overseas investment encouraged with loans
   
Fixed assets investment slows down
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 国产又大又黑又粗免费视频| 挺进邻居丰满少妇的身体| 人妻无码中文字幕| 老公去上班的午后时光| 国产欧美日韩精品a在线观看| 99re免费视频| 成人妇女免费播放久久久| 久久精品99无色码中文字幕| 欧美成人在线免费| 亚洲视频网站在线观看| 精品国产粉嫩内射白浆内射双马尾 | 亚洲AV激情无码专区在线播放| 欧美视频日韩视频| 伊人色综合久久大香| 给我看播放片免费高清| 国产一级高清视频免费看| 风间由美一区二区播放合集| 国产欧美另类久久精品91| 18禁无遮挡无码网站免费| 国模冰冰双人炮gogo| av天堂午夜精品一区| 小小视频最新免费观看在线| 中文字幕乱码无线码在线| 日本人的色道www免费一区| 久久精品国产一区| 日韩精品一区二区三区老鸦窝| 亚洲av无码精品色午夜果冻不卡| 欧美另类xxxx图片| 亚洲国产精品成人综合久久久 | 一区二区三区免费看| 成人午夜精品无码区久久| 中文字幕中韩乱码亚洲大片| 收集最新中文国产中文字幕| 久久中文字幕视频| 日本三级在线观看免费| 久久人人爽人人爽人人片AV高清| 日韩欧美国产另类| 久久精品人人做人人爽| 日韩国产成人精品视频人| 久久精品青草社区| 日韩在线视频网|