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Let the data speak: Guangdong and Guangxi experience a 350% year-on-year increase in sum of co-investment in 2003 under the plan for the integration of Pan Pearl River Delta.
Since 1997, around 1700 projects involving 30 billion yuan have been signed between Guangdong and Guangxi, with more than 400 projects with 17 bln yuan signed in 2003.
Guangzhou Meiyan Group input 2.35 billion yuan on set up power plants in Liuzhou and Rongshui Power Plant, and 0.79 bln in buying Dapu Power Plant.
Dongguan Dongtan Group input 1.45 billion yuan to Bing City for cane sugar products.
This transferring will promote the optimization of source allocation and the integration of the two provinces.
It is reported that Guangxi will offer 100 hectare at best price for Guangdong enterprises building Guangdong Industry Park, clustering industries aiming at ASIAN markets.
To enhance competitiveness, the two provinces will continue to create new industrial chain and industrial clusters and will tighten ties to exploit markets of western countries, Korea and Japan, and ASEAN free trade zone.
Guangxi, bordering Vietnam, will play an important role in Guangdong enterprises' entering ASEAN free trade zone markets. On the other hand, Guangxi aims to expand their share of Hong Kong and Macao through its cooperation with Guangdong.
Editor: Donald
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