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Zhuhai Bonded Area Witnesses Sharp Growth of Overseas Investment
The contractual foreign investment of the Zhuhai Bonded Area shot up a 16-fold increase to US$200 million in the first eleven months this year.
The area of Zhuhai in south China's Guangdong Province signed 20 investment contracts during that period, actually utilizing overseas investment totaling 35 million dollars, up 43 percent and 430 percent, respectively.
Enterprises in the area have been guided to focus on launching high-tech and high-input projects with a high added value.
Among the key investors in the area are big companies from the US, Europe, Japan, Taiwan and the Pear River Delta, known as the center of the processing trade industry. During the January-November period, six transnational corporations including Siemens of Germany invested a total of US$180 million in the area, 90 percent of the total direct oversea investment.
The area has 40 registered enterprises with a total investment of 400 million dollars. Thirty of them are manufacturers and warehouse companies.
On average each enterprise involves an investment of US$12 million.
The area's economy will grow in the direction of such industries as optical fiber telecommunications, digital electronics, bio-medicine, new materials, aircraft servicing, building materials, packaging materials and international warehouse service.
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