(Japanese Site)
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| U.S.-Funded Projects in Guangzhou Hit US$1.2B in Output
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July 8, 1998 (GUANGZHOU, China) -- U.S.-funded projects in Guangzhou
, in China's Guangdong Province, recorded a total 1997 output value
of more than RMB10 billion (US$1.2 billion).
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Guangzhou's 273 U.S.-funded projects involve a combined contractual
investment of some US$1.03 billion.
Some 95 U.S.-funded enterprises have opened offices in Guangzhou,
including two banks and six insurance companies.
Some 21 U.S. companies on the world's top 500 list have invested in
the city.
A total of 194 companies, or 80 percent of the total U.S.-funded
projects in Guangzhou, have invested in the manufacturing industry
and contributed to improving and upgrading the city's light
industrial sector.
Guangzhou continues to draw an increasing number of investors from
the United States, with Motorola China Electronics Co., Ltd.
setting up a cooperative mobile telecommunications venture in June
this year.
(Xinhua News Agency)
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