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Heavy Industrial Base Longing for More Overseas Investment
Officials with the provincial government of Liaoning in northeast China said that further efforts are needed to attract more overseas investment for the old industrial base of the country.
Chen Zhenggao, deputy governor of Liaoning, said recently that the province plans to get total overseas investment of 2.8 billion US dollars this year.
The province has already got about US$700 million in contractual overseas investment in the first quater of this year, up 29.6 percent over the same period of last year.
Chen said that State-owned enterprises, mainstream of the heavy industry-oriented province, are expected to get more foreign funds with help of the government.
According to Chen, the provincial government has chosen about 108 key projects for overseas investors, which will enjoy some preferential policies. Along with these measures, the government will especially encourage local enterprises to open branches or get listed on stock exchanges in other countries.
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