Deal to stimulate Tumen River economy

BEIJING - Eight firms from home and aboard announced Tuesday plans to invest a total of 10.2 billion yuan in Changchun National High-Technology Industry Development Area (CHIDA) in Northeast China's Jilin province.

The plan was developed in response to the country's recent efforts to promote economic development in the Tumen River area.

Companies including China Minmetals Corporation and China National Machinery Industry Corporation on Tuesday signed an agreement with CHIDA inking the investment deal, which is one of the biggest since the high-tech area was established in 1991.