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NE China Magnesium Base Open to Overseas Investment
Dashiqiao, a magnesium base in northeast China's Liaoning province, has unveiled its plan to attract foreign investment.
In this coastal city on the Bohai Sea, researchers have found 34 types of mineral resources, including 2.5 billion tons of magnesite and 5 million tons of talcum.
Magnesium researchers and manufacturers from many other countries including the United States, France, Australia, Britain, Germany, Canada and Japan have come to the region recently to carry out investigations and seek cooperation opportunities.
Magnesium has been widely used in mineral processing, construction material, food and other industries. Nowadays it has new uses in laptop computers, small video-cameras and other electronic industrial products.
The local government has formulated a series of preferential policies including tax exemption for overseas investment.
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