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Local industrial sector uses foreign investment for restructure

http://www.qingdaonews.com 2003-03-14 00:00:00

To develop the 3 pillar characteristic economies and establish 4 major industrial bases is the key task of the city's new round of industrial restructure for this year.

The city government has set 10 foreign-invested industrial projects with a total investment above $
100 million each and 10 self-supported export enterprises with an export volume above $100 million each as the major targets to give support and in order to promote the city's industrial restructure. The 10 projects include 10 million tons steel production, a large ship building, the Containers Dock of the southern area of Qianwan port, 60,000 heavy camions, the strategic investment project of Qingdao Beer Group, 150,000 tons of cold rolling stainless steel plate, the small and medium-sized ships building, 1 million series of semi-steel meridian tires and the ore dock construction. These big projects are the pillars of the new round of the city' s industrial restructure with a total investment exceeding $8.5 billion. The city government has set the plan of winning cooperation with the Fortune Global top 500 Enterprises and utilizing a total investment of 6.6 billion Yuan. In order to encourage the development of export business, the city government has set 10 local enterprises, such as Haier and Lucent Technologies, with an export volume exceeding $100 million each as the key ones to give support.(QDTV__Seven Days)

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