China’s Shaanxi province plans to undertake ten major projects that will require an estimated 600 billion yuan (US$74.3bn) during the eleventh five-year program period (2006-2010).
Priority areas for investment include infrastructure, the building of new socialist rural areas, education, science, culture and health, and energy-efficient and environment-friendly social projects and innovative projects, according to Chen Deming, governor of Shaanxi province.
Upgrading of traditional industries: nine technical transformation projects such as the Yulin coal/power integration project and technical transformation of Xinguang Aluminium as well as 7 building materials projects, including Fuping cement and the second production line of Shaanxi Blue Star, requiring a total investment of 37 billion yuan.