The Asian Investment Strategy program initiated by the
European Union will focus on China's western regions, said an EU
official on Tuesday.
"The Asian Investment Strategy aims to provide
investment to the regions whose economy development level is below
the average of the country," said Vincent Piket, an EU official in
charge of the Asian aid programs.
"As for China, our focus is the west," said Piket at a
press briefing following the two-day Asian Investment Forum held in
Chengdu, capital of southwest China's Sichuan Province.
The EU will increase its investment in west China,
including Sichuan, Guizhou, Yunnan, Shaanxi, Gansu, Qinghai provinces, Xinjiang Uygur and Tibet Autonomous Regions, according to the
third-phase plan of the Asian Investment Strategy
(2006-2007).
The EU will provide between 75 percent and 95 percent
of the capital depending on the development needs, said
Piket.
The Asian Investment Forum, which aims to facilitate
international trade and investment between European and small and
medium-sized Asian enterprises, was initiated in 1998 by the Europe
Commission.
It has so far launched over 300 investment projects,
involving more than 1,000 organizations.
The forum has been held five times and this year's was
the second time China played host. Beijing was the host city in
2002.
(Xinhua News Agency November 8, 2006)
|