Hainan to boost growth with IPOs
By Li Xiang | China Daily | Updated: 2011-02-24 07:51
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Using capital generated through IPOs, Hainan's provincial government will focus on developing key industries with huge capital requirements, such as tourism, infrastructure, tropical agriculture and high technology. Provided to China Daily |
BEIJING - China plans to boost the economy of the southern island of Hainan by encouraging local companies to raise funds in the capital market and develop the province into an international tourist resort.
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