Governor Lu Ruihua of Guangdong Province pledged to encourage
local enterprises to expand business overseas during the Tenth
Five-Year Plan period (2001-2005).
Lu said his province had been improving policies regarding investing
overseas.
According to Lu,
local enterprises will be encouraged to start up technology-based
and equipment-based processing trade businesses overseas,
and to participate in resource development overseas.
Local trading companies
will also be encouraged to build sales service networks abroad,
and to promote international service trades, such as contracting
overseas projects and conducting labor cooperation, said the
governor.
A growing number
of Guangdong-based companies, including, TCL, Kelon, Gree,
have invested in building plants overseas, mostly in developing
countries, such as India, Pakistan, Brazil, Mexico, Malaysia,
Russia and South Africa.
Most of the businesses
started up by companies from Guangdong are engaged in assembly
and processing of light industrial products.
Lu believes the
expansion of overseas business by local enterprises would
be an effective way of increasing exports from Guangdong,
which is now the leading exporter in China.
(People's Daily 05/21/2001)
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