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1994-05-02
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<text>
<title>
Inner Mongolia Port Plans 6 Border Trade Zones
</title>
<article>
<hdr>
Joint Publications Research Service, August 24, 1992
China: Inner Mongolia Port Plans Six Border Trade Zones
</hdr>
<body>
<p>By Zhang Yanshun, staff reporter, "Manzhouli Preparing Six
Border Trade Zones" [Beijing China Daily in English, 18 Aug 92
p 2.]
</p>
<p> China's largest land port in the Inner Mongolia Autonomous
Region is planning to establish six development zones in the
coming few years to promote Sino-Russian border trade and
economic cooperation.
</p>
<p> A total of 820 million yuan ($149.1 million) will be invested
in the construction of a Sino-Russian economic cooperation zone,
a barter trade zone, a comprehensive commerce and trade zone,
an energy resource development zone, an export-oriented
agricultural development zone and a tourism zone.
</p>
<p> Zhou Guobao, President of the Manzhouli Branch of the
People's Construction Bank of China, said yesterday that his
sub-branch has lent 60 million yuan ($10.91 million) for the
development program.
</p>
<p> More funds will be raised, through attracting more deposits
and other channels, to expedite the development scheme, Zhou
affirmed. The branch is responsible for managing state
investment in key capital construction projects and providing
loans in the border city.
</p>
<p> The Sino-Russian economic cooperation zone, with a planned
development area of 5.6 square kilometers, is designed to
develop light industry, textiles, food, building materials and
other processing industries. Their products are targeted for
export to Russia and other countries of the Commonwealth of
Independent States, as well as East Europe, Zhou said.
</p>
<p> Currently, the 200,000-square meter Sino-Russian barter trade
zone on the Chinese side of the Sino-Russian border is under
construction and is scheduled to open for business by the end
of this year, Zhou said.
</p>
<p> Chinese, Russians and people from other countries and regions
may then barter goods or services inside the zone. Currencies
of renminbi yuan, roubles and U.S. dollars will also be
permitted to flow there.
</p>
<p> The comprehensive commerce and trade zone will be based on
the present urban area of Manzhouli City. New buildings and
infrastructional facilities will be constructed, Zhou said.
</p>
<p> The energy resource development zone in designed to initiate
cooperative projects with Russian partners. In that field,
proven coal reserves in the city are 10.1 billion tons, Zhou
said.
</p>
<p> The export-oriented agricultural development zone will focus
on setting up agricultural and livestock commodity export bases
and food processing facilities, Zhou said.
</p>
</body>
</article>
</text>