Building a strong port industry
By Qiu Quanlin (China Daily)Updated: 2006-10-30 11:14
With ever-improving infrastructure development, the coastal city Fangchenggang in Southwest China's Guangxi Zhuang Autonomous Region will spare no efforts to develop its port industry in the years ahead.
 The busy Fangcheng Port plays an increasingly important role in promoting local economic growth. [China Daily] |
"We have invested so much in improving infrastructure, including port facilities development, over the last few years. As a result, top priority will be given to port industrial development in the coming years," said Chen Qiuhua, mayor of the Fangchenggang municipal government.
According to Chen, the city has realized a fixed-asset investment of about 12.6 billion yuan (US$1.6 billion) over the last five years, with an annual increase of 23 per cent.
In the first eight months of this year, the fixed asset investment hit about 3.9 billion yuan (US$487.5 million), an increase of 95.1 per cent over the same period the previous year.
| 1 | 2 |  |
(For more biz stories, please visit Industry Updates)