Economy
Western China to become hub for foreign investment: Official
Updated: 2011-04-01 13:16
(Xinhua)
BEIJING - Western China will become a hot region for overseas investment over the 12th Five-Year Plan (2011-2015) period, a senior official with the Ministry of Commerce (MOC) said Thursday.
The ministry plans to adopt measures such as hosting the Western China International Fair (WCIF) to make China's vast western region more attractive to foreign investment, said Cao Hongying, vice-director of the Foreign Investment Department of the MOC, at the introductory meeting of the 12th WCIF.
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Besides the WCIF, the ministry would also provide favorable policies in the western region to help attract more overseas investment, he added.
The 12th WCIF will be held from Oct 18 to 22 in Chengdu, capital city of Sichuan province.
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