NE China Has Its Sights on East and South China Investment

An official at the head of a delegation from the China National Democratic Construction Association’s Harbin arm signed a 300–million-yuan ($48.4 million) deal with Xiamen city, Fujian province, on June 1 for a tourism facility construction project, one of the delegation’s major achievements in its investment promotion tour of eastern and southern parts of the country.

Wang Tieqiang, head of the Harbin Party’s United Front Work Department, and the delegation were accompanied by Qi Yao, vice-chairman of the city’s Party Committee, and will visit the cities of Shenzhen and Guangzhou in Guangdong province, and Wenzhou, in Zhejiang province, for on-the-spot inspections, investment negotiations and signing ceremonies.

Their job is to promote 26 Harbin projects, 14 of them from local enterprise proposals in agriculture, culture, tourism, high-tech materials, and trade. They also involve industrial–park construction projects for LED, electronics, software, robots, medical equipment and new energy.

Wang said that Harbin has great market demand and potential in trade with Russia just across the border, and welcomes entrepreneurs from Xiamen to come invest in the city and that he looks forward to more business discussions to boost the private sector.