Date
19 October 2017

Yiwu eyes private sector in 58 bln yuan spree, paper says

Yiwu in southeastern China’s Zhejiang province has set an investment target of 58 billion yuan (US$9.51 billion) this year, with about 80 percent coming from the private sector, National Businesss Daily reported Tuesday. The amount is up 38.3 percent from a year earlier. Also, the city government is targeting 20 percent growth in fixed asset investment. Yiwu completed 41.9 billion yuan of investment last year, up 43 percent year on year, the report said.

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