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Liangjiang becomes hot investment destination for Taiwan and Hong Kong
Updated: 2015-03-16
By Ge Jieru, chinadaily.com.cn
The Hong Kong Special Administrative Region (SAR) has become a major investor in Liangjiang's, according to the deputy director of Liangjiang administrative committee, Tang Zongwei, at an interview session during the national "two sessions" in Beijing.
By 2014, Liangjiang had received $8.97 billion dollars from Hong Kong, accounting for 57 percent of all the area's total investment since its establishment in 2012.
The Chongqing Overseas Chinese Town Corporation recently invested 5 billion yuan ($800 million) to construct a cultural tourism project which will occupy the area 113.33 hectares. The project construction is expected to be completed and open to the public in the first half of 2017.
The decision for many Hong Kong enterprises to invest in Liangjiang is due to its status as a state-level trial development area, preferential policies and the area’s transportation advantage.
Liangjiang has also become increasingly attractive to investors from Taiwan. Investments from Taiwan have mainly gone towards the laptop production industry.
"Liangjiang benefits from human resources and transportation advantages, enabling the laptop production industry to enter a new age of 'Made in Chongqing'," said a senior employee from Taiwan.
In 2014, Liangjiang's laptop production enterprises with received investment from Taiwan reached an annual output of 25 million with an output value of 70 billion yuan ($11.18 billion).
Edited by Jacob Hooson
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