BIZCHINA / Investment Alerts
Yanbian eyes future investment
By Te Kan (China Daily)
Updated: 2006-09-28 09:02
The Yanbian Korean Autonomous Prefecture is located in the east of
Northeast China's Jilin Province, bordering Russia on the east and the
Democratic People's Republic of Korea (DPRK) on the south.
The prefecture has an area of 42,700 square kilometres, accounting for
about one fourth of the province's total area, and a population of 2.18
million, of which 820,000 are Korean ethnic people (37 per cent of the
prefecture's total).
As one of the country's major forest regions, the prefecture has forest
coverage of 78.2 per cent and a forest area of 3.472 million hectares.
The prefecture has abundant reserves of mineral resources. Its proved
coal reserves reach more than 1 billion tons and its oil reserves account
for more than 100 million tons.
With 487 rivers running in the prefecture, the prefecture has established
34 hydropower stations.
Located at the foot of the Changbai Mountain, the prefecture has more
than 1,500 wild plants and 200 wild animals.
Ginseng, antler and marten, the famous "Three Treasures of Northeast
China," are abundant in the prefecture.
Located in the "golden triangle" among China, Russia and the DPRK, the
Yanbian Prefecture has a unique advantage for border trade and
distribution.
It has 11 ports: eight open to DPRK, two open to Russia and one
international airport, receiving 5 million tons of goods and 1 million
passengers every year.
Efforts to attract investment
In recent years, the prefecture government has made constant efforts to
promote foreign and domestic investment, especially in its pillar
industries, such as medicine, food, papermaking, mineral resources and
tourism.
In the past three years, the prefecture has organized more than 20
economic and trade delegations to go out to invite investment.
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