City welcomes foreign capital
The completion of Samsung China Semiconductor's new production line not only supports the development of the memory card industry in Xi'an but also helps the city open further to the global market.
Supported by Samsung Electronics and Micron, the Xi'an Hi-Tech Industrial Development Zone's export volume reached $18 billion in 2014. It is the first time for the zone to record hundreds of billions of yuan in export volume.
The Xi'an Comprehensive Bonded Zone is known throughout China for its opening-up policies, support policies, good functions and convenience.
The bonded zone in the Xi'an Hi-tech Development Industrial Zone got approval from the central authorities in 88 days, which is a record speed in China. Construction of the bonded zone only took one year. The establishment of the bonded zone in Xi'an accelerates the city's progress in global exploration.
Some experts said western regions are ready to serve foreign investors by improving traffic facilities, energy supply, biology environment and government services. China's western regions have advantages in technology development and human resources in attracting foreign capital.
Samsung Electronics' project will help attract more foreign capital to western China and accelerate local cities' steps on the world stage.
(China Daily 04/27/2015 page15)
