Shanghai to strengthen cooperation with east Asian cities

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Last updated at: (Beijing Time) Sunday, December 07, 2003

Shanghai to strengthen cooperation with east Asian cities

China's largest industrial city of Shanghai will strengthen cooperation with east Asian cities, said an official of the municipality at the just-closed east Asia mayors forum.

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China's largest industrial city of Shanghai will strengthen cooperation with East Asian cities, said an official of the municipality at the just-closed East Asia mayors forum.

Feng Guoqin, deputy mayor of Shanghai, said at the forum that the city will open its service industry, infrastructure and social projects more widely to the outside world.

He welcomed investors and entrepreneurs from the East Asia cities to Shanghai for development.

The municipality will continue encouraging foreign capital to invest in autos, petrochemical, steel and manufacturing as well as new materials, biological pharmacy and environmental protection, according to Feng.

Shanghai seeks to attract more multinational corporations to set up their regional headquarters, purchasing centers and research institutions in the city by creating a favorable policy environment, Feng said.

The city also encourages east Asian cities to participate in restructuring its state-owned enterprises, he said.

The forum was held in Kumming, capital of southwest China's Yunnan province, from Dec. 2 to 3.

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