North China province unveils key foreign investment projects

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Last updated at: (Beijing Time) Saturday, September 27, 2003

North China province unveils key foreign investment projects

North China's Hebei Province is to lay out 193 key projects to attract foreign investment, said vice-governor Cai Limin on Friday in Beijing.

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North China's Hebei Province is to lay out 193 key projects to attract foreign investment, said vice-governor Cai Limin on Friday in Beijing.

The projects with scheduled investment totaling 6.77 billion US dollars including 3.3 billion US dollars from overseas investors will be on show at a fair from Oct. 18 to 21 in Langfang, a burgeoning city neighboring Beijing.

Foreign investors will probably be allowed to buy stocks and partial ownership of as many as 50 state-owned enterprises including the North China Pharmaceutical Group Company and Handan Iron and Steel Group Company, said Song Xiaoying, deputy director of the Hebei Development and Reforms Commission.

Most of the projects were carefully selected to ensure the benefit of investors, Song said.

The projects would cover a variety of fields such as infrastructure, agricultural processing, pharmaceuticals, clothing and building materials

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