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Guangdong, Sichuan to tighten ties
Latest Updated by 2003-12-05 16:18:05

Sichuan, an inland province in southwest China and not bordering Guangdong, has known by Guangdong people for having been contributing lots of labors to Guangdong labor-intensive industries in the past several decades.

At present, Sichuan is experiencing rapid social and economic development, for two big projects, say 'Develop west China' and 'Pan PRD', grant the province favorable policies, business opportunities and investments from home and abroad.

Guangdong enterprises take the development of Sichuan as a chance for their own investment, and some of them have already opened their production bases there, such as Jianlibao, a leading brand in soft drink market, and 999 Pharm. Co., Ltd.. 

Transportation in Sichuan

The most significant improvement one can experience in West China is the construction of highway network. A 'two-hour transportation network' on Chengdu plain in Sichuan with Chengdu as its center has taken shape. A total of 348 Km highways were built last year, ways connecting to neighboring provinces as Yunnan, Guizhou and Xizhang are under construction.                                                                                                                                

Stories of enterprises

Proper time for Guangdong enterprise to invest in Sichuan

Guangdong Wens Poultry Co., Ltd. input 15 million yuan in the first-phase construction of a chicken-raising industry in Deyang, Sichuan last year. They plan to develop 1500 chicken-raising households in Deyang, with product ability 25 million chickens per year, annual investment 50 million yuan and turnover 250 to 300 million yuan. Director of Wens says, the poultry industries in Sichuan are rather small in scale, the large-scale enterprises in Guangdong is very competitive in exploring Sichuan market. Besides, Sichuan, with rich resources and power, big market and low labor cost, is the ideal place for Guangdong enterprises to expand their business.

Sichuan enterprises to enter Guangdong's financial market

The enhancement of Guangdong-Sichuan economic cooperation brings not only the new business opportunities to Guangdong enterprises but also larger space for Sichuan enterprises to seek development.

The domestic giant private enterprise, New Hope Group has already get involved in Guangdong financial market. According to secretary of Chairman of the group, New Hope has established a Golden Eagle Asset Management Co. in Guangzhou in 2002 and negotiates with some Shenzhen private enterprise on a new investment fund this year.

Editor: Wing

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