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June 28, 1999
Attention: Investment in Guangxi Province, China Dear Sir or Madam : We have sent you a message recently. But it was returned to us due to its enormous size. Now the message has been rearranged and is resent. Please excuse any inconvenience this e-mail may cause. But it may bridge you and a new market. We are very happy to tell you that Foreign Investment in Guangxi, China (www.gxinvest.gov.cn <http://www.gxinvest.gov.cn/>) is formally open to public. It will surely serve as a window for investors, home and abroad, to obtain information about Guangxi. Through this window one can understand Guangxi's geographical location, natural resources, climate, infrastructure. economic strength, industrial policies, preferential policies for foreign investment and data on concrete projects for investment. Foreign Investment in Guangxi, China (www.gxinvest.gov.cn <http://www.gxinvest.gov.cn/>) will create more columns about investment, such as project proposals, project's feasibility study reports, investment consultation, investment forum. Welcome to Foreign Investment in Guangxi, China (www.gxinvest.gov.cn <http://www.gxinvest.gov.cn/>) . Situated in Southeast of China. Guangxi is a national autonomous province. It borders Vietnam on the Southeast and faces Seibu Gulf in the South. Unique geographical advantages make Guangxi to be a shortcut to link the inland provinces in Southeast China with Guangdong province, Hongkong, Macao and Southeast Asia. The infrastructure--such as energy supply, transportation, telecommunication, urban utilities-- have improved substantially. In the field of power generation, we are trying to make Guangxi a key basis of electricity production in Southern China. Now Guangxi is closely linked with other parts of China and every corners of the world by its fairly developed transportation and telecommunication network.
Great effort to perfect the software environment in Guangxi has been focused the same time as the hardware environment is improved. We have identified foreign investment direction and focuses in accordance with requirements of national industrial policies and the plan of local economy and social development. Investment in agriculture, water conservancy, new and high tech industry, basic industry. infrastructure, environment protection and export-oriented industry are greatly encouraged. At the same time, we are, step by step, opening to the outside world our service sector, foreign trade, tourism resource development, mineral resource exploitation, retail trade, tourism service, finance and insurance sector. Foreign investors are also encouraged to participate in technological upgrade of state-owned enterprises in Guangxi by ways of injecting funds, buying shares, contracting, purchase, merge and lease. Restrictions to use foreign funds in private enterprises are now lifted. A great number of foreign businesses have come to invest in Guangxi as result of our great efforts on improving both hardware and software environment in this province and on making Guangxi known to the outside world. By the end of 1998, more than 9,000 projects using oversea funds had been approved. The total volume of investment from foreign businesses and international financial organisations had topped US$8 billion. Many transnational corporations such as Daewoo , Niconico, NEC, Unocal, Hengo, Nokia have engaged in various forms of cooperation in many fields with Guangxi on the basis of mutual equality and benefit. Guangxi welcomes more cooperation in more extensive fields with more friends from around the world so as to promote mutual progress. To sum up, Guangxi will p rove itself to be an optimum for investment because of its favorable geographic position. abundant energy, convenient transportation and telecommunication, rich natural resources, preferential policies of foreign investment, quality service for investors, low labor cost, and great market potential. Welcome to Guangxi for sightseeing. investment. or engaging in trade. Openness and sincerity is our unchangeable policy! If you have any inquiries, please contact us invest@gxi.gov.cn <mailto:invest@gxi.gov.cn>
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