Yellow River Delta attracts investors

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 ◆ Yellow River Delta attracts investors

The Yellow River Delta, located in east China's Shandong Province, has become a major magnet for investors.

Dongying, a city in the heartland of the delta, reported that outside capital has been used to fund more than 8,500 projects in the city since 1999. In the same period, outside investment on fixed assets exceeded 13.9 billion yuan (1.67 billion US dollars).

Major outside investors in Dongying include the Japanese firm Sanyo and other overseas companies.

Nowadays, project approval procedures for investors can be completed in two hours.

A Dongying city government official said the city is sprucing up its environment to be ready to attract more outside investments.

The Yellow River Delta is an important part of the developed Bohai Economic Rim. Besides fertile soil, the region also has a 65,000-hectare national level wetland nature reserve.