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Jiangxi Province in east China has mapped out a new strategy to absorb more overseas investment this year, giving priority to manufacturing, retailing, logistics and high-tech sectors.
Provincial officials in charge of overseas investment said the province has adopted policies to promote economic development by opening wider to domestic and overseas investors, including measures to create a better environment for economic development.
Adjacent to south China's Guangdong Province, the inland province of Jiangxi used US$1.087 billion of overseas investment last year, and absorbed 42.6 billion yuan (US$5.2 billion) of domestic investment.
A total of 118 industrial parks have been set up in the province with 4,666 enterprises, which generated a combined sales volume of 25.3 billion yuan (US$3 billion) last year.
Future industrial projects will be encouraged to be sited within those parks, according to provincial officials.
(Xinhua News Agency February 24, 2003)
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