Mayor: 3-year initiative has 'strategic importance' Foshan made a good start last year on its three-year master plan to modernize the city's industrial chain by securing a large number of investment projects.
Despite the global economic slowdown, Foshan received growing capital flows from home and abroad last year, showing its appeal to investors is still strong. The boomtown in Guangdong province secured $3.31 billion worth of foreign investment contracts in 2012.
Germany center latest in international linksZongshen Industrial Group recently signed an agreement with the government of Foshan to set up a South China Germany Center in the city's Sino-German Industrial Services Zone.
Foshan made a good start last year on its three-year master plan to modernize the city's industrial chain by securing a large number of investment projects.