Source: CCTV.com
01-19-2009 09:44
Special Report: Post-quake reconstructionIn Sichuan Province rebuilding following a devastating earthquake last year in May has attracted record level of foreign investment.
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| In Sichuan Province rebuilding following a devastating earthquake last year in May has attracted record level of foreign investment. |
In the second half of last year, foreign direct investment in the province hit 1.3 billion US dollars, 45 percent more than what was recorded for the same period in 2007. FDI for all of 2008 reached 3-billion US dollars. Local authorities say they hope to do even better this year, with a target of 4 billion US dollars.
Many international investors see great business potential in Sichuan, as reconstruction is pushing up demand for building materials. For example, the demand for concrete reached 370 million tons in 2008. Many companies are scaling downtheir global operations, all while expanding further into Sichuan.
In a high-tech enterprise park in Chengdu, there are more than 800 foreign-backed enterprises, most of which have plans to continue investing and expanding their presence in the southwestern province.
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Editor:Xiong Qu
