China North Industries Group Corporation and Xi’an City People’s Government will build a weapons technology industrial base in Jin Wei Industrial Park in the Xi’an Economic and Technological Development Zone.
It aims to develop a people-oriented high-tech military along with civilian industries that have independent intellectual property rights and innovation capabilities.
China North Industries Group Corporation will coordinate with domestic and foreign companies to make this base a cooperative platform for large enterprises at home and abroad.
The Xi’an government and the Economic and Technological Development Zone will provide policy support and auxiliary services.
There are seven projects in the first batch, with a total investment of RMB4 billion In five years, the output value of enterprises in the zone will reach RMB30 billion and taxes will amount to RMB1 billion.
Source: English People’s Daily Online