Pudong prepares to boost FAI to US$14.6b

By Liang Yiwen  |   2009-1-10  |     NEWSPAPER EDITION

  EMAIL STORY

  PRINTABLE VIEW

  BLOG STORY

  COPY HEADLINE AND URL

  SHARE

THE Pudong New Area will boost fixed asset investment to 100 billion yuan (US$14.6 billion) this year against 85 billion yuan last year, according to the district's plan for this year, which was approved yesterday.

Pudong's gross domestic product jumped 11.8 percent year on year to 310 billion yuan last year, and its government said it targets to generate GDP of more than 340 billion yuan this year.

The district will invest about 40 billion yuan on construction projects for the Expo 2010 and to improve the lives of local residents. The rest 60 billion yuan will be invested in road building works and the development of finance, logistics and high-tech sectors.

related stories

Industries gain new recycling network

THE operator of a business zone in Pudong New Area plans to help put illegal trash collectors out of business by setting up a recycling network that matches waste producers with authorized waste disposal companies. ...

MORE

Expand to view all explore Business (33)