In September 1978, 'Taiping handbag manufactoring factory', the first enterprise that engaged in the 'processing the materials and samples provided by foreigners, assembling spare parts provided by foreignersand compensation trade was established. The income from the processing trade for the first year was one million Hong Kong dollars. The factory's eastablishment served as a starting point for the active use of foreign investment in China. Rural industrialization in the then backward town initiated since then.[chinadaily.com.cn]

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