TNAG-1630-FCO40-2246-Visits-by-Hong-Kong-Government-officials-to-China--the-UK-an-1987 — Page 76

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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