Sino-ASEAN economic park to be built
( 2003-12-02 15:04) (Xinhua)
A China-ASEAN (Association of Southeast Asian Nations) economic park will be
set up in Nanning, capital of southern Guangxi Zhuang Autonomous Region, on
the site of the existing Overseas Chinese Investment Zone in the city.
An official from the regional government said that in addition to upgrading
the Overseas Chinese Investment Zone, 46 km from downtown Nanning, they would
also work out special policies to draw more entrepreneurs from ASEAN and
domestic businessmen who export commodities to ASEAN to start businesses in the
Sino-ASEAN economic park.
A Sino-ASEAN fair will be held in Nanning next year, according to the
official.
The Overseas Chinese Investment Zone, covering 179 sq km, is situated in
Wuming county of Nanning and was formerly the Wuming Overseas Chinese Farm. More
than 7,300 overseas Chinese returned from Indonesia, Vietnam and other Southeast
Asia nations have settled down in the zone, but they still retain folkways of
ASEAN nations and have kept kindred relations with residents in 29 countries and
regions.
There are 50 industrial businesses in the zone, including a dozen overseas
financed ventures, which are engaged in such industries as sugar processing,
cassava starch, toilet paper, galvanized iron plate, pharmaceutical, canned food
and garment making.
Guangxi region shares a border with Vietnam, a member of
ASEAN.
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