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Overseas Investment Booms in Fuzhou
Overseas investors and their trade partners in Fuzhou, capital of east China's Fujian Province, Friday signed 47 contracts valued at 483 million U.S. dollars.
They clinched the cooperation plan for the key projects at the ongoing Fourth China International Investment and Trade Fair opened today in Xiamen, a port city in the province.
According to sources, the overseas investors still focus on pouring money into production projects, which account for over 70 percent of the total contracts.
Such kind of projects include electric plants, pharmaceuticals and furniture plants. High-tech industries are also the focus of overseas investors.
Meanwhile, Fuzhou No. 2 Hospital will cooperate with a Hong Kong partner to construct a joint venture hospital in Fuzhou, which will cost over six million U.S. dollars.
Many well-known multinationals such as LG, JVC and Carrefour, have shown their interest in running businesses in Fuzhou.
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