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(China Daily 19 Oct).
78.
A
delegation led by Fujian Governor Jia Qinglin visited Hong Kong from 21 to 31 October. It included the Director of provincial Planning Commission and other economic officials aimed to publicise the province's measures to encourage foreign investment (WWP 18 Oct).
the and
79.
The amount of electric power generated in Fujian has increased by 20% compared with last year (PDOE 18 Oct).
80.
Fujian has designated 16 more industrial satellite towns, subject to the special policies applied to the coastal open areas.
This brings the total number of such satellite towns in the province up to 110. Also, work has begun on constructing the Fupu industrial open area in Jinjiang county. This open area is fully funded and managed by Hong Kong's Nam Ya Development Co. and an overseas company (PDOE 18 October).
81.
Large copper deposits have been discovered in Shanghang county in south-western Fujian (PDOE 23 Oct).
82.
Up to
September this year 808 overseas-funded projects had been agreed for Fujian. The value of contracted investment is US$698m and funds actually invested amount to US$242m, 10.2% and 12.8% respectively more than for the corresponding period of last year (PDOE 24 Oct).
83.
Li Mingkan, described as
Deputy Secretary-General of the Fujian Government in charge of implementation of the open policy and Director of provincial Special Zones Office, recently addressed a meeting wth Taiwan businessmen on exchanges in agricultural technology.
He described preferential measures for investors stipulated in the province's provisional regulations on encuraging overseas investment in agricultural open areas. He also referred to Xiamen's "free port policies" which will include establishing a bonded industrial zone and bonded market for production materials (PDOE 24 Oct).
Shanghai
84.
Xinhua (in PDOE of 21 Oct.) reported on experiments being conducted in Shanghai with the reform of large and medium-sized state-run enterprises.
Among various methods recommended were increased co-operation with overseas firms and closing down and reorganising loss-making enterprises.
85.
In his speech to the September central work conference on state-run enterprises, Li Peng specifically called for speeding up the construction of Pudong (various papers 11 Oct).
86.
According to China Daily (27 Oct), a letter of intent has been signed with two American investment companies on an electricity joint venture in Pudong; the first phase will include four generating units with total capacity 1.2m kw, involving $586.5m of investment mainly from domestic
overseas bank loans.
and
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