Yancheng Develops Foreign-funded Enterprises

Yancheng City, once neglected by investors, has become the focus of foreign investment in recent years. Beginning in 1987 and to the end of 1993, Yancheng had set up 875 foreign-funded enterprises, making use of US$226 million in foreign capital—530 of them approved last year alone with foreign capital worth US$109 million. Those in operation rank among the most advanced foreign-funded enterprises in Jiangsu Province and the country.