The investment value is the largest daily volume of overseas investment for Pudong during its opening-up and development process.

The yet to be built Pudong micro-electronics base, which will cover 22 square kilometers, is expected to invest US$10 billion in the integrate circuit industry in the first five years of the new century.

Over 10 production lines of integrate circuit chips and more than 100 ventures for chip design, production, testing and assembling are to be built in the base.

China's leading industrial city of Shanghai hopes to turn the base into one of China's most competitive high-tech bases.

The Pudong New District announced here Wednesday that the local government will offer preferential policies for industrialization of high-tech discoveries with intellectual property rights.

According to a Pudong new district investment conference held here Wednesday, Pudong has attracted US$6.13 billion of overseas investment for 661 projects this year.

(Xinhua 12/20/2000)