Industrial park settled in Daqing
(China Daily)
Updated: 2006-08-31 18:00
A potato industrial park project, jointly invested by Singaporean and Chinese
companies, was recently settled in Daqing in Heilongjiang Province.
With
an estimated investment value of 2.39 billion yuan (US$298.75 million), the park
is planned to cover an area of 245 hectares.
According to the contract,
Singaporean investors will set up 12 potato industrial projects in the next five
years.
These projects are expected to produce an annual output value of
3.6 billion yuan (US$450 million) and create 2,000 jobs.
Experts said
local rich agricultural resources would boost the development of the industrial
park.
Statistics show that the potato output of Northeast China and the
Inner Mongolia Autonomous Region accounts for at least 60 per cent of the
country's total.
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