- 55 -
station
The whole development includes
railway
developments.
ard
a
of
Within
there the Sports Centre,
a sports complex, a new
residential group
is 2
an
stadium with a seating capacity of 60,000 persons, indoor swimming pool complex, an indoor stadium with 9,000 seats and other practising room and hostels etc. advaced Equipped with olympic standard facilities and electronic devices, the development started in January 84 and is expected to be fully completed in time for the National Athletic Meets this November. The total cost (excluding feeder roads network) is 300m RMB Yuan, part
of which is funded by the State.
5.4.2
Baiyunshan
Agricultural,
Corporation
Industrial
and
Commercial
Members were briefed on the evolution of the Corporation
from
â
farm in
1958 to
ar
state and province owned agriculture cum agricultural machinery enterprise in
1969 to its present
agricultural,
present form as a corporation involving
industrial
and commercial development
gross
value of
activities. The
total output of the Corporation has maintained 50% increase per year from
1979
to
1986 which stood
36 Co PMF Yuan.
streams far has established 4 Corporation so
of works,
at
The
i.e.
processing.
the Under
Corporation,
there are
and food
5
electronic, machinery. pharmaceutical,
industrial companies, and some 70 plants producing over 800 kinds of products. Recently, the Corporation has
also entered into
more
than
30 joint
venture
etc.
arrangements with foreign companies, particularly Hong Kong based companies, in hotel, restaurant and retailing business and the production of toys, handbags, Since the implementation of the oper economy policy in 1979 which enabled the bringing in of new technology at a faster rate, the production of the Corporation has not