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Harbin to Build New Industrial Park

Northeast China's Heilongjiang Province is working hard to revitalize its economy by setting up an industrial park Harbin in the provincial capital.

According to Wang Shihua on Tuesday, vice-mayor of the city, the new industrial park will be located in the city's Songbei district, with an area of 29.94 sq km, including three subordinate parks -- Qianjin, Songpu and Wanbao.

As a key project for the city's development, Wang noted, the industrial park has been given priority in Harbin's development plan.

He explained that a series of policies have been drawn up so as to attract investment from both China and overseas, and that 13 related local government departments will provide all-round services for the new park, ensuring a good investment environment.

So far, 11 investment agreements had been signed, involving 648million yuan (about US$78.4 million), and another 12 projects worth a total of 800 million yuan (US$96.4 million) are under negotiation, Wang said.

(Xinhua News Agency 7, 2004)

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