Zhejiang Huayou Cobalt Co. Ltd. and Zhejiang University signed a cooperation agreement to develop a modern agricultural base in Congo, Africa and invest in copper-cobalt smelting projects. At present, Zhejiang businessmen step up overseas mergers and acquisitions which are largely focused on the field of resources.
Statistics from Zhejiang Provincial Development and Reform Commission reveal that a total of 18 overseas investment projects, with a total investment volume of 4.203 billion dollars, were approved in our province last year. The number of resource projects amounted to 12.