A China-US cooperative industrial park project "California
industrial city" has started construction in Zhengdong District of
Zhengzhou, capital of central China's Henan Province.
The project lies in the southeastern part of Zhengzhou, between
the Beijing-Guangzhou Railway in the west and the Beijing-Zhuhai
Expressway in the east. The project will be built in three phases,
to accommodate industries such as aerospace, pharmacy, new
materials, building materials, automobiles and electronics.
The project is sponsored by Zhengzhou State-owned Assets
Management Company and California Industrial City Development
Corporation.
The overall investment in the project will be higher than US$2
billion, with the infrastructure to be finished within three years.
Foreign companies and some joint-venture companies will be
introduced to the industrial park.
(Xinhua News Agency June 4, 2006)