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South China SEZ Lures More Overseas Investment
Zhuhai, the nearest mainland city to Macao and one of China's five special economic zones, saw an increase in the number of overseas enterprises in the first half of this year.
Newly registered overseas firms totaled 298 from January to June, involving investment of 570 million US dollars and registered capital of 317 million US dollars. These three figures represent annual increases of 49 percent, 88.5 percent and 70.5 percent, respectively, sources with local Economic and Trade Commission said.
According to the commission, three of the newly registered overseas firms have an investment of more than 30 million US dollars each, and the number of wholly foreign-funded enterprises took a lion's share of the new firms.
The service sector, or on a broader sense, the tertiary industry, remained the pillar industry amid the rapid growth, an official with the commission said.
According to him, measures were taken to improve the overall investment environment of the city, such as simplifying government approval procedures and preferential customs policies to encourage exports.
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