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Article: Foreign Funds Introduced to Boost Building Materials Industry
- Article from:
- Xinhua News Agency
- Article date:
- January 6, 1997
CopyrightCopyright 1997 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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China introduced 660 million US dollars in foreign funds last
year
to boost its building materials industry, bringing foreign
investment
in the sector over the past six years to nearly five billion
dollars.
Foreign investment has been involved in such fields as new
building materials, new and high technologies and intensive
processing of building materials, Lei Qianzhi, deputy director of
the
State Administration of Building Materials Industry, told Xinhua
today.
According to Lei, a large number of cement projects financed with
loans from the World Bank and the Asian Development Bank went into
operation last year.
A gigantic technical transformation project involving sanitary
ceramic ...