SHANDONG International Economic Development Corp (SIED), a strategic investment company formed by Allied Industries International and two Shandong partners, has appointed Li Likang as general manager. Mr Li was previously a vice-mayor of the Fuzhou municipal government, and deputy managing director and deputy general manager of China Shandong Co, a commercial arm of Shandong province based in Hong Kong. A qualified engineer, Mr Li graduated from the Beijing Technical Institute in 1965 and served as Secretary for the Ministry of Machine Building Industry, Branch Five. His appointment is seen as a move to strengthen the joint venture's ability to secure investment projects through Mr Li's extensive connections in China. Shandong vice-governor Wong Fatang said SIED was pleased that a general manager with the experience and calibre of Mr Li had been appointed. He expressed confidence in the future of the joint venture, adding that the province would give full support to the company's development. Chung Tze-hien, chairman and chief executive of Allied Industries, said the joint venture would bring substantial returns and strong recurrent income for its partners. SIED, with an initial capital investment of US$10 million, is 60 per cent owned by Allied Industries and 20 per cent each by Shandong International Economic Technology Corp and Shandong International Trust and Investment Corp. It will make investments in industrial concerns within the five high-growth business activities that Allied Industries has identified - chemicals, building materials, transport, consumer and commodity products and environment protection.