Guangdong province signed investment agreements worth over 2 trillion RMB with 70 State-owned enterprises (SOEs) on 204 projects in the Strategic Cooperation Forum between Guangdong and State-owned Enterprises held in Beijing in March, as part of the Province's efforts to transform and upgrade its industry.
"The SOEs will help accelerate the province's industrial upgrading, and Guangdong s fast economic development has provided favorable opportunities for the enterprises to expand their business in the region , said Wang Yang, Party Secretary of Guangdong Province.
SOEs have showed significant roles in Guangdong s industrial restructuring, and some of the projects have filled blanks of the province. At present, More than 49 SOEs have launched investment projects in Guangdong with an investment volume totaled 1.5 trillion RMB. Some 168 projects are in constriction with an investment of 1 trillion RMB.
According to the province s 12th Five-Year Plan, accelerating the industrial transformation and upgrading, and build a happy Guangdong , is the major task of Guangdong in the next 5 years.
SOEs have comprehensive strength in aspects such as R&D, capitals, technology, mind-power, information and brands, which will help improve Guangdong s industry and ownership structures. These companies are flagships in their fields, and the projects will lead the development of industry cluster in the region, and help a good beginning of Guangdong s 12th 5-year plan (2011-2015).
Li Miaojuan, director general of Guangdong Development and Reform Commission said the agreements meet Guangdong s regional industry layout. As 60 percent of the investments are focused on newly emerged service and manufacturing industry, which is mostly in Pearl River Delta; while heavy industry and energy projects are located in mountainous and east and west wings.
The investments in the service sector fully reflect the strategic intent of give priority to service industry. Li said. Till the end of the province s 12th five year, the tertiary industry will become the leading industry driving economic growth, and service industry will overtake manufacturing by occupying 48 percent of the layout
Guangzhou
Guangzhou signed investment agreements totaled 379.9 billion RMB with 20 state-owned enterprises on 20 projects.
Guangzhou government signed strategic cooperate projects with China Merchants Group (CMG), China National Offshore Oil Corporation (CNOOC), China Electronics Technology Group Corporation (CETC), China state shipbuilding corporation (CSSC), China Resources (Holdings) Co., Ltd. (CRC), etc, covering fields such as new energy, electronic information, equipment manufacturing and urban construction.
Shenzhen
Shenzhen signed investment agreements totaled 470 billion RMB with 51 state-owned enterprises on 52 projects.
Shenzhen government signed agreements with China Datang Corporation, CETC, Sinochem Group, China State Construction Engineering Cooperation (CSCEC), China Energy Construction And Environmental Protection Group, Sinosteel, China South Locomotive & Rolling Stock Corporation Limited(CSR), China CNR Corporation Limited (CNR) and China Guangdong Nuclear Power Group (CGN), etc.
The projects cover aerospace, electronic information, equipment manufacturing, transportation energy, finance, construction and tourism.
Jiangmen
Jiangmen signed investment agreements totaled 127.8 billion RMB with 13 state-owned enterprises.
55 billion RMB will be invested in the Guangdong Taishan nuclear power plant and related supporting projects, to boost the construction of Taishan Clean energy (nuclear power) equipment industrial park, which keeps the park ahead in domestic nuclear power equipment supplying and service base.
(By Yan)
