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Article: Foreign Funds Boost Building Materials Industry
- Article from:
- Xinhua News Agency
- Article date:
- February 27, 1998
CopyrightCopyright 1998 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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China has so far introduced six billion US dollars in foreign
investment to boost its building materials industry, according to
the
State Administration of the Building Materials Industry.
Foreign investment has been involved in such fields as new
building materials, new- and high-technology and intensive
processing
of building materials, said Lei Qianzhi, deputy director of the
administration.
According to the official, a large number of cement projects
financed with loans from the World Bank and the Asian Development
Bank have already gone into production.
A gigantic technical transformation project involving sanitary
ceramics production, financed with a loan of 100 million US dollars
from ...