On Mar. 2, Zhongshan Torch Hi-tech Industrial Development Zone signed 12 investment projects with 12 state-owned enterprises at the Zhongshan-SOEs Strategic Cooperation Seminar & Contract-Signing Ceremony held in Beijing. Both the number of contracts and investment exceed 40% of the total.

Last year, the Torch Zone’s total industrial output value reached 113.1 billion yuan, the first district in Zhongshan with the yearly output value of more than 10 billion yuan. In recent years, the Torch Zone introduced a batch of major projects; each has investment of more than 10 billion yuan. The major projects include China Shipbuilding Industry Corporation’s Zhongshan Base, China Railway Group’s Southern China Equipment Base, and China CMIIC Engineering &. Construction Group’s Zhongshan Heavy Steel Base. To 2015, the Torch Zone’s total industrial output value and GDP are expected to reach 250-300 billion yuan and 80 billion yuan respectively.

It is reported that 10 of the 12 projects will be launched in the first half of 2011, and projects of CIMC Logistics Equipment, China CMIIC Engineering &. Construction Group’s Southern China Export Base, China Major Bridge Engineering Co., Ltd. and China Shipbuilding Industry Corporation’s Zhongshan Shipbuilding Base will be put into production this year.