Overseas Chinese invest 3.5b yuan in E China province

Date: 27 Nov 2019

HEFEI - Nearly 100 overseas Chinese signed agreements for projects worth 3.5 billion yuan ($497.9 million) in an innovation center in Hefei, capital of East China's Anhui province on Nov 26.

A total of 32 project agreements were signed in the Overseas Chinese Innovation Center of Hefei, covering biomedicine, intelligent manufacturing, artificial intelligence and other industries.

 "Overseas Chinese have made important contributions to China's economic development with their innovative spirit and entrepreneurial enthusiasm. The country's rapid economic development has also offered them bigger room for development," said Qiu Liguo, deputy head of the overseas affairs department of the China Overseas Friendship Association.

Launched in 2016, the center has attracted over 400 overseas Chinese-funded enterprises with an output value of nearly 42 billion yuan.

There are 17 such centers across the country, according to official figures.

Source: China Daily

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top