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CHINA> Special Reports
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Huayuankou shines in new materials
By Hu Yang (China Daily)
Updated: 2009-09-10 08:40 Huayuankou is emerging as a star in Dalian as it moves to become a State-level new materials base. Part of the strategic Liaoning Coastal Economic Zone, Huayuankou's administrators are moving to develop a green economy and attractive investment climate, said Dong Chengfa, administrative head of the Huayuankou Economic Zone. Facing North Korea and Japan across the Yellow Sea, the 268-sq-km zone has 41 km of coastline and a population of 63,000. It was established in 2004 by the Liaoning provincial government and selected as a strategic growth spot in 2006. In the first half of 2009, the zone realized 1.12 billion yuan in GDP, an increase of 50 percent over the same period the previous year, according to government figures. Investment in fixed assets has surged 448 percent to 1.83 billion yuan for 26 projects, three of which are foreign.
Dong noted the zone currently has 15 sq km available for development with plentiful water and electricity. He added that favorable administrative policies keep business costs low, with examination and approval procedures simplified through processing by a single organization, he explained. The zone is seeking investment in new materials and new energy projects after careful study of the advantages of Huayuankou and overall economic trends, he noted. After the initial development, the new material industry is proving to have great potential, said Dong. There are only seven bases for new materials in the country, with Huayuankou the only one serving northeastern China and Inner Mongolia autonomous region. More than 20 new material enterprises are operational in the zone, involved in various fields including new engineering plastics, new high-performance metal materials, carbon and silicon, eco-friendly materials, and aerospace alloys. Total investment has reached 30 billion yuan, accounting for 75 percent of the investment of all new projects. The government is making efforts not only in introducing new projects, but to create an attractive environment for the enterprises already there, Dong said. Authorities are improving existing facilities and building new infrastructures like schools and hospitals to attract more high-end human resources.
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