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US$1b projects sealed
AN economic and technology fair has clinched 241 investment projects worth US$1.03 billion for the northeastern province of Jilin.
Of the $1.03 billion, about $720 million was from overseas.
The province had sought capital for more than 200 infrastructure, industrial and real estate projects during the one-week fair, which closed yesterday.
Key infrastructure projects offered include a railway system which links up with a port city in Russia and an expressway to other Chinese cities.
The fair, held in the provincial capital of Changchun, follows a similar investment fair in Hong Kong in March.
Jilin is one of China's industrial bases, with many old factories in desperate need of money to upgrade their equipment.
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