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RMB3 bln to be invested for Zhaotong’s industry development

Source:   Time:

A total of ¥3 billion will be invested for promoting the industry development in Zhaotong, a prefecture-level city located in the Northeast Yunnan by the Yunnan Industrial Investment Holding Group Ltd.

A cooperation framework agreement between the company and the Zhaotong Municipal Government has been signed presently. A 50-square-meter standard factory and its supporting facilities will be constructed in the Zhaoyang Industrial Park of Zhaotong. And ¥30 million will be invested for building a lignite mining base and developing lignite further machining to achieve output value of ¥15 billion.

Railways, highways, airplanes and water transportations have formed a net in Zhaotong, where ¥1 million will be used for building a logistics center and its throughput is planed to be 5 million ton in the next 5 years. Development of bio-medical industry and construction of city’s supporting facilities are also planed in the cooperation.

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