Overseas Funds Pouring into Guangzhou Bonded Zone

Overseas investment has continued to pour into the Guangzhou Bonded Zone in southern China, management officials said.

In the first nine months of the year, overseas investment in the zone in Guangzhou, capital of Guangdong Province, reached 120.84 million U.S. dollars.

So far, the zone had approved more than 1,500 projects with a total investment of one billion U.S. dollars.

This year, overseas investors have launched 25 projects, worth 97 million U.S. dollars, in the zone, while domestic businessmen have launched 257 projects with a registered capital of 193 million yuan (about 23 million U.S. dollars).

The officials said high technology and materials circulation have been hot spots for investors.

To attract investment, the zone has taken steps to control pollution and improve infrastructure facilities and has adopted favorable policies for investors.

From January to September, industrial output in the zone amounted to 193 million yuan, soaring 129 percent over the same period last year.

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