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Article: State Farms Use More Overseas Investment (1)
- Article from:
- Xinhua News Agency
- Article date:
- September 18, 1996
CopyrightCopyright 1996 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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A seed commercialization project aided by 36.5 million US dollars
in World Bank loans will be carried out in nine Chinese state farms
in October.
"This is only one of a series of overseas-funded projects to be
carried out in the coming few years," said Zeng Yuzhuang, director
of
the State Farm Bureau under the Ministry of Agriculture.
Zeng said that the use of overseas investment by state farms
indicate that the formerly closed sector is gradually opening to the
outside world.
Set up in remote areas, with the help of the demobilized troops of
the People's Liberation ...