Germany and China To Build New Shenyang Industrial Park

Posted: November 1, 2014 in Econ 101, Free Trade

SOURCE: http://english.peopledaily.com.cn/business/n/2014/1101/c90778-8803090.html

SEE ALSO: Chinese Take Over U.S. Pharma Plant As German Drugmaker Expands in China


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China-Germany park to upgrade industry
(Xinhua)    November 01, 2014

SHENYANG, Nov. 1 — China and Germany have joined hands in building an industrial park to bolster technological upgrades in China’s industry-intensive northeast.

Located in Shenyang, capital of Liaoning Province, the 120-square-km park will be home to a host of industries such as assembling, automobiles, chemistry, medicine and electronics.

Aiming to enhance cooperation and exchanges, the move will help boost technological upgrade in northeast China, with both parties focusing on emerging sectors of high-end machine tools, robotics, 3D printing and others, said Yan Bingzhe, a local official in Shenyang.

Amid growing bilateral relations, trade between China and Germany is closer than ever. By the end of 2013, some 400 German enterprises have opened branches in Liaoning, creating 2.1 billion U.S. dollars worth of foreign capital.

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