China Travel & Tourism News
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East China city to seek global investors for 112 projects
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| 1-Feb-2005 - Xinhua |
Changzhou, an industrial city in east China's Jiangsu Province, is planning to seek investors worldwide for 112 projects covering trade, tourism, logistics, education, medical care and urban construction in 2005. The Changzhou municipal government held a press conference for the 112 planned projects recently in Shanghai. The conference attracted more than 150 business representatives and consuls from China's trade-partner countries in Europe, Americas and Asia, said sources with the Changzhou government. Overseas investors are welcomed to participate in these projects, which may take the form of a joint venture or a solely-funded business, said the municipal government. As a key industrial city in the Shanghai-centered Yangtze River Delta, Changzhou attracted more than 2.2 billion US dollars worth of overseas investment in 2004, 8 percent over a year earlier. Of the total, 650 million US dollars has been realized. The Changzhou government said the city clinched 129 large foreign-funded projects in 2004, each involving at least 10 million dollars of investment. Among them are several operations of Global Top 500 corporations. |
| 1-Feb-2005 - Xinhua |
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