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AsiaInfo Services
08-16-2010
China Plans CNY 1.5trn Investment in Guangxi

NANNING, Aug 16, 2010 (SinoCast Daily Business Beat via COMTEX) -- China plans to invest CNY 1.5 trillion in Guangxi Zhuang Autonomous Region in a bid to boost local economic growth, according to an insider.

Chen Ruixian, vice head of administration commission of the Pan-Beibu Bay Economic Cooperation Zone, said China would upgrade a wide range of infrastructure in Guangxi like railway, road, airport, bridges, power generation factory and reservoir in coming three to five years with total investment of CNY 1.5 trillion. The Pan-Beibu Bay Economic Cooperation Zone covers China, Viet Nam, Malaysia, Singapore, Indonesia, Philippines and Brunei Darussalam.

China hopes to build Guangxi into a bridgehead for trade with members of the Association of Southeast Asian Nations.

It is China's national strategy to develop Guangxi Beibu Bay Economic Zone into a logistics base, trade and commerce base, processing and manufacturing base and information exchange center on the back of Pan-Beibu Bay Economic Cooperation Zone.

Pan-Beibu Bay sub-regional economic cooperation aims to boost marine cooperation between China and the ASEAN members, which receives strong response from ASEAN countries.

Source: www.cnstock.com (August 16, 2010)

KEYWORD: NANNING INDUSTRY KEYWORD: Investing & Securities SUBJECT CODE: Investing & Securities
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