Guizhou Province in southwest China recently put forward a series
of key fields and projects to attract investment, striving to
become one of the most attractive regions in the development
of the western region.
Guo Shuqing, deputy
governor of Guizhou Province, said that energy construction
will be the focus for investment in the coming years. According
to the State's "west-east power transmission" plan,
the electricity-generating scale of the power enterprises
to start construction during the 10th Five-year Plan period
of Guizhou will reach 14 million kw, with an installed capacity
of 8 million kw, involving a total investment of over 40 billion
yuan, investment in the erection of power transmission lines
will hit 20 billion yuan.
Guo said during
the five years, Guizhou will complete the construction of
the local sections of the two national highways from Chongqing
to Zhanjiang and from Shanghai to Ruili. In the next few years,
Guizhou will invest as much as over 40 billion yuan in the
construction of communications.
He said that Guizhou
boasts a large amount of tourism resources with great potential
for development and a considerable amount of returns on investment.
There is a bright prospect for opening up new tourist lines,
developing scenic tourist areas and constructing service facilities
and other projecs in Guizhou.
Guizhou has 52.6
billion tons of proven coal reserves. Departments concerned
have set about to organize quality coal development projects
in support of the "west-east power transmission"
program. Currently, Guizhou has built China's largest electrolytic
aluminum plant, the largest phosphate fertilizer base, and
the largest abrasive materials and artificial diamond production
and export bases.
Guo noted that
in order to accelerate the pace of industrialization and marketization
of these industries, investors both at home and from abroad
are welcomed to conduct investment cooperation in various
forms such as holding shares, establishing joint ventures,
exclusively foreign-funded firms and making risk investment.
The Guizhou provincial government will actively create conditions
and grant necessary policy support to investors to ensure
that they gain the normal investment returns.
According to the
initial estimate made by the Guizhou Planning Commission that
during the "10th Five-year Plan" period, the total
investment for the key construction projects to be undertaken
by Guizhou in the western region development will exceed 200
billion yuan and that for the major construction projects
already undertaken and to be started this year will top 43
billion yuan.
(People's Daily
12/13/2000)
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