Mayor Chen Zhenggao of Shenyang City, the capital of northeast China's Liaoning Province, has pledged that his city will further open up to overseas investment.
As more foreign investors are interested in the northern part of the country, the city wants to take the opportunity to lure more foreign-funded projects, the mayor said in a recent interview with Xinhua.
Shenyang is the fourth largest city in China and the largest inthe northeast.
So far, the city has set up over 1,410 overseas-funded projectswith a total foreign capital of over US$8.4 billion. These foreign-funded firms now account for 60 percent in the city's exports.
In 2001, the city has approved 40projects with US$4billion foreign investment. Talks on some large Sino-foreign joint venture projects are under way, according to the mayor.
(People's Daily December 27, 2001)
