USEUROPEAFRICAASIA 中文双语Français
Home / Business

SOEs flock to Straits economic zone

By Xu Xiao | China Daily | Updated: 2012-11-14 08:00

China National Petroleum Corporation, the country's largest oil and gas producer, broke ground on the nation's most advanced steel pipe production line in Fuzhou, capital city of Fujian province on May 10.

According to the company's projections, the facility will be built using investments totaling 958 million yuan, and it will generate more than 2 billion yuan in annual revenue once it is operational.

CNPC is among the growing number of State-owned enterprises that have relocated operations in recent years to take advantage of the opportunities created by the ongoing construction of the Western Taiwan Straits Economic Zone, a multi-city economic region geared toward cooperation across the Straits.

SOEs flock to Straits economic zone

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US