Post by
warrenbuffet99 on Jan 20, 2002 2:48pm
Overseas Investments Pour In
Guangdong Province Reports Surge in Overseas Investments
South China's Guangdong Province, a pioneer in
China's opening up drive, reported 15.8 billion U.S.
dollars of contractual overseas investment in 2001, up
42.56 percent on the previous year, according to
sources with provincial trade and economic
cooperation authorities.
South China's Guangdong Province, a pioneer in China's
opening up drive, reported 15.8 billion U.S. dollars of
contractual overseas investment in 2001, up 42.56 percent
on the previous year, according to sources with provincial
trade and economic cooperation authorities.
Overseas investment in real terms rose 8.1 percent to
15.76 billion U.S. dollars in the same period. Of this,
overseas direct
investment rose 6.01 percent to a record high of 13 billion
U.S. dollars.
Zhao Yufang, deputy director of Guangdong Foreign Trade
and Economic Cooperation Department, said that a
number of heavy-
weight foreign investment contracts were signed last year,
including 375 with contractual values of above 10 million
U.S. dollars each.
So far, about 250 of the Fortune top 500 performing
corporations have made investments in Guangdong.
Among them, oil giant Shell has signed agreements with its
Chinese partners to jointly invest 4.05 billion U.S. dollars in
a petrochemical project. Half of the investment will come
from Shell.
Foreign-funded enterprises have become important
contributors to local economic development. In the first 11
months of last year, foreign-funded industrial enterprises in
Guangdong generated 191 billion yuan (23 billion U.S.
dollars) of added value, accounting for more than half of
the province's total.
Guangdong is one of China's most developed regions.
Preliminary statistics show Guangdong's GDP rose 9.5
percent year-on-year to 1,055.6 billion yuan (127.18 billion
U.S. dollars) in 2001, accounting for some 11 percent of
the national total.
Comment by
MoneySapiens on Jan 20, 2002 8:29pm
Guangdong Province is where Creator has its Sports-Betting Facility.
Comment by
seattl20 on Jan 21, 2002 11:58am
Does anyone know the address of the facility in Guangdong? I soon have to survey a site in the area and if the betting facility is reasonably close I will check it out. Creator have no information on their website.
Comment by
Kingbee3 on Jan 21, 2002 12:28pm
It's located in the soccer stadium. Bzzzzzzzzzzzzzzz!
Comment by
seattl20 on Jan 22, 2002 8:00am
Do you know which stadium? Is it the new Olympic stadium, or Liuzhou City, etc.?
Comment by
Kingbee3 on Jan 22, 2002 9:41am
Sports betting facility located in the Xiesiu Soccer Stadium.