China: Qiandongnan gets funding approval for 4,000ha blueberry project
August 02 , 2016
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China's National Development and Reform Commission (NDRC) has given the green light for the funding of a proposed blueberry production project in the southwestern province of Guizhou.
The approval means Qiandongnan Development and Investment Co., Ltd is now allowed to issue corporate bonds for CNY790 million (US$119 million) to develop its "Integrated Blueberry Industry Construction Project".
According to the Guizhou Development & Reform Commission, the project was first registered in November, 2014 with a total investment of CNY1.7 billion (US$256 million).
When the project is complete it will comprise 4,000 hectares of blueberry plantings and related facilities.
Photo: www.shutterstock.com
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