Walmart, the world's retail giant, and Morgan Stanley Bank, have jointly injected 100 million US dollars into a super mall project in Hangzhou, capital of east China's Zhejiang Province.

Located in the prestigious West Lake area of Hangzhou, the super mall project, with 70,000 square meters of floor space, is expected to operate in early 2007. Walmart already invested 60 million yuan (about 7.5 million US dollars) into the project last year.

An official with the West Lake District said that other general merchanise projects, with a total investment of 100 million US dollars, will also be launched in the scenic area, with investment from the Shanghai ice blue investment corporation, Morgan Stanley Group, and Suzhou Alcartel Corporation.

Possessing the country's first wetland lake, the West Lake area has made itself an investment attraction for investors from overseas. Statistics show the district allured 585 million US dollars of foreign investment at this year's West Lake Exposition.

Source: Xinhua