Industrial Park for World Chinese Entrepreneurs to be Set up in N.China

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Last updated at: (Beijing Time) Monday, April 21, 2003

Industrial Park for World Chinese Entrepreneurs to be Set up in N.China

The Investment Foundation of the World Chinese Entrepreneur Convention plans to build its fourth mainland industrial park in north China's Shanxi Province.

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The Investment Foundation of the World Chinese Entrepreneur Convention plans to build its fourth mainland industrial park in north China's Shanxi Province.

An agreement involving a total investment of 270 million yuan (33.73 million US dollars) was signed Sunday between the foundation and the Wanrong county government, said a source with the county government on Monday.

The Shanxi Wanrong Industrial Park for world Chinese entrepreneurs is aimed to be a major incubator for enterprises in north China specializing in the sectors of new high technology, education, processing and distribution.

Its first construction phase is budgeted at around 120 million yuan (14.5 million US dollars) and the park's total land area willbe 200 hectares.

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