About Zhaoqing

Large projects to boost Zhaoqing's economy

( chinadaily.com.cn )

update: 2011-11-24

On Nov 13, Zhaoqing city's Huaiji county held a trade fair that involved 67 projects with a total investment of 13.38 billion yuan ($2.11 billion).

The Huaiji county government paid to promote the county on the trade fair. The government has invited businesses from Hong Kong, Macao, Taiwan, as well as companies in and out of the province for more investments.

During the event, Huaiji signed 29 contracts, totaling 4.02 billion yuan. An investment of 8 billion yuan has also been injected into 16 projects currently in construction. It completed 22 investment projects with a 1.36 billion yuan investment.

A group of large energy projects have settled in Huaiji, including China Windpower Group (Hong Kong) Co Ltd , with its 2-billion-yuan investment for the development of 200MW wind farms and 100MW photovoltaic projects. When completed, these projects will have annual sales revenues totaling 500 million to 800 million yuan and will generate 50 million yuan in taxes.

Another large project was invested in by the Guangdong Xinyue Building Materials Co Ltd. The company plans to allocate 600 million yuan to an artificial dimension stone project. The completed project will have an annual output value of one billion yuan and taxes of 52 million yuan. The Hong Kong Tianyu Forest Development Co Ltd also plans to invest 300 million yuan to construct a high-grade wood floor production project.

Meanwhile, Huaiji county has put forth effort to improve its environment. It has also sponsored international and national trade fairs to promote trade and economic development. In the first nine months of this year, the county had realized a GDP of about 10 billion yuan, coming out ranked first among counties and districts under the administrative region of Zhaoqing city. The local financial budgeted revenues amounted to 569 million yuan, up 37.5 percent from the same period last year.

Edited by Chen Zhilin and Clark Cahill

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