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4,600 Foreign-Funded Ventures Established in Anhui Province
East China's Anhui Province had approved 4,616 foreign-funded enterprises by the end of October, involving US$5.41 billion in contractual overseas investment.
With these enterprises, the province has actually utilized US$2.98 billion in foreign investment.
A leading official of the Anhui Provincial Commission of Foreign Trade and Economic cooperation said that Anhui has granted preferential polices to overseas investors, such as widening areas for overseas investments, simplifying procedures on investment and improving services.
The province has announced 100 major projects with high returns and a vast market potential in such areas as infrastructure, technological upgrading, and high-tech industries. The projects are designed to attract more foreign investment in 2001, the official said.
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