Guangdong province in south China has pledged to invest more than RMB40 billion ($5.86 billion) to build infrastructure projects, industrial development zones, in the province’s rural areas before 2012.
The projects include transportation, energy supply, telecommunications, water conservation and scientific innovation.
The move aims to further improve the investment climate in the province’s western, eastern and northern regions where economic development lags far behind Pearl River Delta (PRD) cities.
With the construction of the industrial development zones, Guangdong’s western, eastern and northern areas will become the province’s new production bases that will play an increasingly important role in its economic growth in the following years.
It was stated that industrial zones linked to all PRD cities and neighboring Hong Kong and Macao by an advanced road network will reach an annual industrial output value of more than RMB300 billion yuan this year.
Pearl River Delta cities like Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, Zhongshan, Jiangmen and Huizhou have signed contracts to construct more than 386 projects with an investment of RMB22.8 billion in the 28 industrial zones in the cities of Zhaoqing, Yunfu, Meizhou, Shaoguan, Qingyuan, Jieyang, Chaozhou and Heyuan in northern, eastern and western parts of Guangdong.