Jilin province courting Hong Kong investors
April 30, 2013 Category Foreign investment, Weekly
Jilin province is looking to Hong Kong businesspeople to invest in 300 projects, ranging from technology and resources to tourism. In all, CNY235.3 billion is needed, with individual projects ranging in investment scale from CNY30 million to CNY20 billion. Among the 300 projects, 10 require more than CNY5 billion each. A methanol industrial chain project in Jilin city is looking for CNY18 billion, while a polyurethane project in the city needs CNY5.8 billion in investment. “Jilin is accelerating the transformation of its production model and upgrading its industrial structure,” Governor Bayin Chaolu said, adding that a “world-class vehicle production base” is being set up. The province was also promoting the use of new energy, development of modern mechanized agriculture and large-scale water conservation projects. Jilin is also working on the Hunchun International Cooperation Demonstration Area to boost exchanges and cooperation with Russia and North Korea. The demonstration area covers over 90 square kilometers and enjoys preferential policies, ranging from taxes and land-use to financial support and talent pooling.
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