Maba Attracte Investment over RMB400 Million

Maba town located in Huai'an city, Jiangsu province, China. Several days ago, after the Commencement ceremony of Jiangsu Jinma Steel Ball Co.,Ltd, investment projects attracted by Maba town has reached 33, total investment value hit RMB420 million. In all the projects, there were 28 finished projects which altogether valued RMB270 million; 5 processing projects valued RMB150 million. In 2004, the Maba government drafted Investment Attracting Policy. According to the policy, staffs will be scattered into every corner of China to attract investment. Once some projects are attracted, the government will arrange directors to be in charge of it. In short, they will do their best to keep the investment projects going well. In addition, as a result of the investment attracting, the idle assets of Maba town has been tapped. For example, the former Polypropylene Fibre Plant which was a enterprise at the edge of bankruptcy, now has formed a new Hongji Bearing Co.,Ltd with its investor.