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Northeast China Province Promised With Investing Opportunity
Northeast China's Liaoning Province is promised with unprecedented investing opportunities occurring in the next five years, according to deputy provincial governor Liu Ketian.
Liu released at an economic and technology cooperative fair recently held there that the Chinese government has listed the reconstruction of Liaoning, an old industrial base, one of the key projects of its 10th Five Year Plan and pledged financial and policy support.
According to Liu, fixed assets investment in the next five years is predicted at 770 billion yuan, in addition to another 200 billion for technical innovation of old enterprises.
The Liaoning provincial government has recently outlined five other sectors for absorbing overseas investment with traditional industries, including petro-chemistry, metallurgy, mechanics and electronics, ranking the first.
The other four sectors are namely in the high-tech field, agriculture, infrastructure construction, and environmental protection.
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