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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (391)	8/17/2003 11:27:06 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's 'workshop of the world' to expand despite environmental concerns GUANGZHOU, China (AFP) Aug 17, 2003 China's Guangdong province, known as the "workshop of the world" for its prodigious manufacturing capabilities, is set to expand its industrial base despite concerns about duplication of services and environmental degradation. ... Zhang said the province's GDP grew 13.6 percent in the first half of the year and direct foreign investment had increased by 24.5 percent despite the devastating effects of the Severe Acute Respiratory Syndrome outbreak which originated in Guangdong. "During that period we didn't ignore the economic development," he said. So far more than 8,000 foreign invested enterprises are based in the province and expectations are for GDP to double by 2010 at the latest. Zhang said the government would now focus on developing infrastructure and cleaning up the environment. "Our next step to develop Guangzhou is to develop Guangzhou into a city which is equally for living and doing business," he said. ... terradaily.com