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Gansu seeks more Guangdong investors
Latest Updated by 2007-04-23 14:52:03

>>>Related Special:  The 101st Canton Fair

Northwest China's Gansu Province is seeking more investors from Guangdong Province.

As part of its latest move, the province proposed to potential Guangdong investors for more than 600 projects at a seminar during the 101st session of Canton Fair.

The projects include the petrochemical industry, metallurgical nonferrous industry, infrastructure, energy, environmental protection, pharmaceutical industry and modern tertiary industry.

"Gansu is very rich in natural resources and is one of the nation's key resources of nonferrous metals. It also has several well-developed special industries," said Gansu governor Xu Shousheng.

"We welcome business people in Guangdong to visit and seek investment opportunities, bringing capital as well as modern management ideas to Gansu to make best use of the province's natural resources and favorable geographical location."

He said that the development of the petrochemical industry, metallurgical nonferrous industry, equipment machinery industry, farm product processing industry and the pharmaceutical industry have taken shape and there is great potential for investors in the in-depth processing industry of agricultural products, the industry of modern Tibetan medicines and bio-medicines for the adequate supply of related raw materials.

Among the 14 cities, Jiayuguan pins even higher hope on investors from the province of Guangdong.

The city itself proposed to potential investors in Guangdong 69 projects ranging from manufacturing industry, agriculture, tourism, commerce, and equity investment.

"Jiayuguan, renowned for the westernmost end of the Great Wall, not only has very rich tourism resources including historical heritages, gliding facilities and glacier, but also has the biggest iron and steel base in Northwest China as well as a fledgling chemical industry, power generation, building materials, mechanical industry, textile industry and food industry," said Zhang Kaixun, secretary of the city's Party committee.

He also said that Jiayuguan expects to benefit from projects due to industrial transfer from the Pearl River Delta.

Zhang assured Guangdong's business people of the city's efforts to improve investment climate.

According to Tong Xing, vice-governor of Guangdong, Guangdong's business people poured capital worth of 1.51 billion yuan for 39 projects between 2001 and 2006, and most of the investors were private-sector bosses, involving in the development of mineral resources and energy, farm product processing, building materials, commerce, tourism and real estate development.

Tong said that the State's strategy to develop the western regions will also accelerate the development of the province, which offers a good investment choice for the business people in Guangdong.

Editor: Yan

By: Zhan LishengSource:China Daily Website
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