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China's weapons technology industry base set up in Xi'an |
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16:28, July 23, 2008 |
China North Industries Group Corporation and Xi'an City People's Government signed a cooperative agreement on July 18 to build a weapons technology industrial base in Xi'an.
The base is located in Jin Wei Industrial Park in the Xi'an Economic and Technological Development Zone. It aims to develop a people-oriented high-tech military and civilian industries that have independent intellectual property rights and innovation capabilities. China North Industries Group Corporation will coordinate with strong domestic and foreign companies to make this base a cooperative platform for large enterprises at home and abroad. The Xi'an government and the Economic and Technological Development Zone will provide policy support and auxiliary services. Seven projects in the first batch, with a total investment of 4 billion yuan, are located there. In five years, the output value of enterprises in the zone will reach 30 billion yuan and taxes will amount to 1 billion yuan.
By People's Daily Online
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