April 2, eNorth from Hong Kong: "2001 Tianjin Week in Hong Kong" is drawing to an end. It is said that so far 59 economy and trade contracts have been successfully signed, US$4 billion of overseas investment including that from Hong Kong, Macao and Taiwan imported, which will surely promote the development of Tianjin's economy.

During "2001 Tianjin Week in Hong Kong", the business people from Hong Kong, Taiwan, the US, Canada, Australia, Russia, Japan, Singapore and Thailand, etc. attach their attention to Tianjin. Among the signed 59 economy and trade projects, 53 of them are about investment, the agreed overseas investment is US$4.23 billion and the contractual investment is US$1.7 billion. The signed projects are about infrastructure, environmental protection, high-technologies and agriculture, etc. There are 6 contracts about international trade and the turnover is US$190 million.

Taiwan investor Mr. Cai Qingyuan plans to invest nearly US$200 million to construct a Taiwan Industrial and Technical Park in Jinnan District, Tianjin, which will be devoted to developing the high-technical industries. It is said that the investment-inviting for the park causes a big sensation in Taiwan. So far there are over 300 Taiwan enterprises have the intention to establish factories in the park. Mr. Cai Qingyuan expresses that he decides to invest in Tianjin because of the advantages of Tianjin's location, Tianjin's port, international airport and convenient traffice conditions. Therefore, he is fully confident of this investment.

Some city construction projects of Tianjin also cause great interests of many business people. Hong Kong Chung Kiu Investment & Development Co.,Ltd. plan to invest US$120 million in developing the Gulou Business Street in Nankai District as their first phase's investment; Hebei District import US$45 million from Macao Newbase Real Estate Development Co.,Ltd. for the innovation of the 140-thousand-square-meter dangerous and tumbledown bungalows in the region around Xiaowangzhuang and Dabei Zen Temple in order to make substantial development of the project "after-danger innovation". The president of Hong Kong Chung Kiu Investment & Development Co.,Ltd. Mr. Lu Yonghe said,"I have been staying in Tianjin since 1993. The investment environment of Tianjin is getting more and more favourable these years. The leaders of Tianjin are very pragamatic and enlightened. Tianjin Government decided to develop tourism as an important industry hereafter, which offers good opportunities for us to develop the culture of the Old City and combine the culture and tourism together to construct a walking-street of the Ming and Qing dynasties' styles, so that the development of the business, the total economy and Tianjin can be promoted."

(Journalists: Zhang Huijun, Wang Wei)